In a recent interview with The Times of India, R Dinesh, President of the Confederation of Indian Industry (CII), exuded optimism about India’s growth momentum. He highlighted the significant private sector investments cutting across various sectors. Dinesh provided insights into the macroeconomic situation, emphasising India’s resilience amidst global uncertainties, attributing it to robust infrastructure investments and gains from the digital transformation journey.
Dinesh underscored the importance of private sector capex in fuelling the economy, noting a steady investment trend of 36-37% over the years. Contrary to misconceptions, he stated that private sector capex was on an upward trajectory, evident from high capacity utilisation levels across key industries.
Looking ahead, Dinesh outlined key recommendations for the incoming government, emphasising the need for inclusive economic growth, infrastructure development, and targeted subsidies to bolster vulnerable populations. He advocated for employment-linked incentives and a focus on diversifying sectors to generate more job opportunities, particularly for women.
On the issue of electoral funding, transparency emerged as a paramount concern for the industry. Dinesh stressed the importance of transparent funding mechanisms to ensure accountability and integrity in the electoral process, highlighting the need for above-board practices akin to developed nations.
In conclusion, Dinesh’s forward-looking perspective underscores the imperative for sustaining economic growth through strategic investments, policy support, and transparent governance, setting a positive tone for India’s future trajectory in the global economic landscape.
