With 8.2% strong GDP growth, India Inc sees animal spirits coming back

Strong GDP growth changes mood, though some say kickstarting investment cycle still a work in progress

What may have otherwise been dismissed as a mundane meeting turned out to be a setting for hope when around 60 India Inc leaders gathered at a premium hotel in the capital on Saturday. As part of the national council of the Confederation of Indian Industry (CII), these top businessmen had in the last quarter meeting discussed the perils of a sluggish economy. Three months later, the business chamber’s closed-door council meeting signalled a turnaround in mood, with the 8.2 per cent GDP growth number fresh in everyone’s mind.

A senior CII functionary who was present at