In an exclusive interview with Financial Express, R Dinesh, President of the Confederation of Indian Industry (CII) outlined crucial areas for the upcoming government to address. Dinesh emphasised the importance of land, labour, and agriculture reforms, enhancing support for micro, small, and medium enterprises (MSMEs), and boosting spending on education and healthcare.
Acknowledging the Modi government’s achievements over the past decade, Dinesh credited the focus on infrastructure and digital initiatives for India’s global recognition. He noted the successful handling of geopolitical tensions and efficient management of challenges during the COVID-19 period.
In the context of job creation, Dinesh highlighted positive industry feedback and projected growth in the manufacturing and services sectors. Expressing optimism for private sector investments to pick up, Dinesh highlighted the need for new investments with a potential growth rate of 8-9% by FY30.
About the EV industry, Dinesh supported government initiatives while stressing the importance of commercial viability. On export prospects, he predicted significant growth driven by integration into global supply chains. Looking ahead, Dinesh projected a promising trajectory for India’s growth, aiming to hit $5 trillion by FY27 and $7 trillion by FY30.
Regarding RBI rate cuts, Dinesh expressed industry expectations for reductions starting Q2 FY25, commending the RBI’s management of growth and inflation.
