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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Over 26,000 aspirants participate in army recruitment rally in J&K’s Poonch
Poonch/Jammu (PTI): Over 26,000 young aspirants participated in a recruitment rally conducted by the army after a gap of five years in Jammu and Kashmir’s border district of Poonch, officials said on Sunday.
The recruitment rally commenced at Advance Landing Ground in Surankote on November 8 to fill 307 vacancies for soldier general duty and 45 vacancies for clerks and tradesmen in the Territorial Army, they said.
The rally was open to the candidates from 31 Tehsils of Jammu division, including Poonch, Rajouri, Reasi and Jammu districts, for soldier general duty while the candidates from entire Jammu and Kashmir were eligible to apply for clerks and tradesmen positions.
“Over 26,000 enthusiastic candidates across the region took part in the selection process, showcasing their physical and mental readiness to serve the nation during the 10-day rally,” said an official of the army recruitment office, expressing satisfaction over the response of the youth.
He said the recruitment drive was organized with the objective of providing employment opportunities and encouraging the youth to join the armed forces.
The aspirants underwent various physical tests, including a 1.6 km run, chin-ups and other endurance exercises, followed by medical examinations and documentation checks, the official said.
"The response from the local youth has been tremendous. It is heartening to see such enthusiasm and passion to join the Indian Army. We are committed to providing a fair and transparent selection process," an officer of the Territorial Army said.
He said around 4000 candidates have cleared the ground test and will participate in the medical examination.
The locals lauded the army for organizing the recruitment drive in the border district.
“This is a significant step towards addressing unemployment in the border areas and instilling a sense of pride and patriotism among the youth,” said Syed Imtiaz Kazmi, a prominent citizen of Surankote.
The officials said the event was conducted with strict adherence to safety protocols, ensuring that the large gathering was managed smoothly.
The recruitment process is expected to continue for the next three days, they said, adding this recruitment rally marks yet another milestone in the Indian Army's ongoing efforts to strengthen its bond with people, providing new opportunities for the youth in the region that has historically faced challenges related to employment and development.
Many young aspirants expressed their hopes of securing a place in the prestigious armed forces, with dreams of serving the nation and supporting their families.
Mohd Asad, a local resident of Poonch, said that he joined the rally for the first time. “I am ready to serve the nation by joining the army,” he added.
Another aspirant Mohd Iqbal from Haveli area of Poonch thanked the army for providing them an opportunity to serve the nation.
