India Inc optimistic about GDP growth

India Inc is optimistic that the economy to grow by 7.5 to 8.5 per cent during the current fiscal, according to a CII survey.

"Majority (of respondents) expects economic growth to be in the 7.5-8.5 per cent range," said the CII Business Outlook Survey based on response from 458 companies.

The economy, according to RBI, is estimated to grow by 8 per cent in the current fiscal, up from 7.2 per cent in 2008-09. However, the government and Planning Commission expect 8.5 per cent GDP growth in 2010-11.

The industry optimism was also expressed in the Business Confidence Index that increased to 67.6 points for April-September 2010-11, compared to 66.1 points during the second half of 2009-10, according to the survey.