Over 80% CEOs expect 2018-19 growth to be higher than 7%: CII Poll
Mumbai, June 11: Industry body Confederation of Indian Industry's (CII) "CEOs opinion poll" on Monday showed that 82 per cent of the chief executives expect GDP growth to be higher than seven per cent for 2018-19.
As per the poll data, out of the 82 per cent, 10 per cent of CEOs expect the growth rate to even go above 7.5 per cent.
Besides, 92 per cent of CEOs polled expect further increase in consumption demand during 2018-19.
On private investment, the data disclosed that 60 per cent of CEOs believe that it will increase during the coming year.
In terms of employment generation, 56 per cent of the CEOs polled expect jobs to increase during 2018-19 and just 18 per cent believe that it will be maintained at the current levels.
According to the industry body, positive sentiments on the Indian economy were "universally expressed" at a meeting of its National Council (NC) held in Pune on June 4, and attended by more than 80 senior corporate leaders.
The "CEOs opinion poll" was held during the CII meeting.
"The economy is in a sweet spot right now as the adjustment process regarding major reforms of the past few years is largely stabilised and industry is ready for a fresh phase of investment while capacity utilisation builds up," CII President Rakesh Bharti Mittal was quoted as saying in a statement.
"Industry is looking forward to GDP growth rate picking up to close to eight per cent over the next couple of years. Fiscal prudence, able macroeconomic management, and strong reforms process have set a sound foundation for growth."
"Exports registered 10 per cent growth over 2017-18 as the global economy is recovering and we expect the momentum to pick over the current year. Going forward, we must leverage stronger overseas demand and shifting global value chains through trade facilitation and competitive products."
Additionally, the CII NC meeting lauded the landmark policy of "Fixed Term Employment" which has recently been extended to all sectors.
Sector-wise, the overall opinion of CII members on the manufacturing sector was that "demand is healthy, although input costs are rising".
Mittal said: "Most manufacturing sectors are firing up now, with automotives, FMCG, electronics and chemicals leading the way. Rural demand can be expected to remain resurgent on the back of normal monsoons as forecast, while public spending on infrastructure is boosting prospects for capital goods and downstream sectors."
Regarding the infrastructure sector, CEOs stated that there is a "discernible pick-up" now as compared to a few years ago.
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Chiranjeevi enters Guinness World Records, recognised as most prolific star in Indian film industry
Hyderabad (PTI): Megastar K Chiranjeevi was on Sunday honoured by the Guinness World Records, which recognised him as the most prolific star in the Indian film industry in the actor/dancer category.
"The most prolific film star in Indian Film Industry-actor/dancer is Konidela Chiranjeevi aka Mega Star (India) achieved on 20 September 2024," said a certificate issued by the Guinness World Records, which was handed over to Chiranjeevi at an event here.
"This moment is unforgettable. I never sought recognition from the Guinness World Records, but it feels incredible to be honored for my dancing. It is dancing that truly made me a star and brought me so many rewards throughout my career," Chiranjeevi said after receiving the certificate.
"All these years of my film career, dance had become part of my life. I still remember dancing in front of legends like Savitri and my first dance steps on screen. I owe this recognition to the directors, producers, music directors, and choreographers who always made sure to showcase my dance performances in films," Chiranjeevi said thanking everyone for the honour.
"Mega star Chiranjeevi has performed 24,000 dance moves in 537 songs in his 156 films in a span of 45 years," sources close to the actor said.
"September 22 also happens to be the day when the mega star made his debut in the year 1978," they said.
Speaking on the occasion, Guinness World Records adjudicator Richard Stenning praised Chiranjeevi’s extraordinary contribution, stating, "after thoroughly reviewing all 156 films and his dance performances, we found this achievement to be officially amazing."
Superstar Aamir Khan, who shared the dais with Chiranjeevi, said he is a huge fan of the star.
"I see him as my elder brother. I was so happy that Chiranjeevi garu is being given this honour and I was really thrilled to know that. If you notice him in any song of his, "his own heart" is in it, and he is enjoying himself," Khan said.
Telangana Chief Minister A Revanth Reddy, Andhra Chief Minister N Chandrababu Naidu, Union Coal Minister G Kishan Reddy, and BRS Working President K T Rama Rao were among those who congratulated Chiranjeevi.
Revanth Reddy in a post on 'X' said, "It is a matter of pride for Telugu people that popular movie actor Konidela Chiranjeevi got a place in the Guinness Book of World Records."
In a post on 'X', Kishan Reddy said "Megastar for a reason! Congratulations to one of the most admired Indian film star Sri K Chiranjeevi Garu on being recognised as the Most Prolific Film Star in Indian Film Industry, Actor / Dancer. 24000 dance moves in 537 songs in his 156 films in a span of 45 years - This is simply incredible! This is an iconic feat. Your legacy will be an inspiration for generations.@KChiruTweets".
Chandrababu Naidu in a post on 'X' said "I extend my heartiest congratulations to Mega Star and Padma Vibhushan awardee, @KChiruTweets Garu, on being recognised by The Guinness World Records as the Most Prolific Film Star in Indian Film Industry, Actor/ Dancer. He has made an unparalleled contribution to Telugu cinema with his grace and artistry. This recognition not only adds another feather to his cap, but it also elevates the pride of Telugu people all over the world."
Chiranjeevi is one of the top stars of the South cinema, having worked in over 150 feature films in Telugu as well as Hindi, Tamil and Kannada.
Some of his popular films include "Rudra Veena", "Indra", "Tagore", "Swayam Krushi", "Sye Raa Narasimha Reddy", "Stalin" and "Gang Leader".
He was bestowed with the Padma Vibhushan, the second highest civilian honour awarded for exceptional and distinguished service, along with Indian cinema icon Vyjayanthimala, in May this year.
He was previously honoured with Padma Bhushan in 2006.
