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Ficcisurvey

Green shoots seen on consumption, food inflation likely to fall: Ficci Prez

"Green shoots" are visible on the consumption front as food inflation has started receding, newly appointed FICCI President Harsha V Agarwal said. Food inflation is expected to come down to its normal level in the next two quarters, Agarwal said, adding that he is hopeful for a revival in consumption growth, aided by a good crop and increased spending by the government on the big-ticket infra projects and rural schemes in the December quarter. Government spending in the right areas -- like increase in capex and ramping up infrastructure, rather than focusing on revenue expenditure -- is helping the overall economy, he said. "We are seeing some green shoots where we believe food inflation is coming down... it has to come back to normal. It might take maybe one quarter or so. But we are seeing situations where it is improving, and hence we are hopeful that consumption should increase," Agarwal told PTI. Government spending in the September quarter was low due to the general elections

Green shoots seen on consumption, food inflation likely to fall: Ficci Prez
Updated On : 12 Dec 2024 | 5:21 PM IST

Cyber security, accidents among top threats for industry: Ficci report

A seminar on 'New Age Risks' was organised by Ficci to discuss and debate the trend of traditional risk parameters and emerging risks that may impact the industry

Cyber security, accidents among top threats for industry: Ficci report
Updated On : 19 Apr 2023 | 11:42 PM IST

FICCI pegs India's 2017-18 GDP growth at 7.4%

In April, the International Monetary Fund (IMF) held its GDP growth trajectory for India at 7.2%

FICCI pegs India's 2017-18 GDP growth at 7.4%
Updated On : 15 May 2017 | 5:03 PM IST