GDP growth rate to remain around 7.9%: Survey

 The survey involving over 217 CEOs, stated that the Indian growth story is set to moderate with inflation and high interest rates impacting major industrial sectors and dampening consumer demand.

Releasing the survey, Venugopal N Dhoot, president, Assocham, said that 66 per cent of the respondents stated that US recession, domestic inflationary pressures, high interest rates and supply constraints have started hurting industrial growth and consumer demand that may further impact the GDP growth in the current fiscal.

 Around 75 per cent of the corporate heads feel that the challenges thrown by appreciating rupee and soaring prices of international crude oil and industrial metals may come in the way of sustaining high growth rates by the Indian economy.