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Aatmanirbhar Bharat needs Aatmanirbhar banking sector: CII's Sanjiv Bajaj

In a Q&A, the president of the industry body dwells on how a cut in fuel duties will spur demand, and the impact of interest rate regime on India's FY23 GDP growth

Topics
GDP | Banks privatisation | PSUs

Nikunj Ohri & Arup Roychoudhury  |  New Delhi 

Sanjiv Bajaj, president, Confederation of Indian Industry
Sanjiv Bajaj, president, Confederation of Indian Industry

Bajaj Finserv’s Sanjiv Bajaj, the new President of Confederation of Indian Industries, batted for allowing corporates into the banking sector. Talking on a range of issues with Nikunj Ohri and Arup Roychoudhury, Bajaj said that cutting petrol and diesel duties will spur consumption and demand, and how the interest rate regime goes from here will determine India's FY23 growth. He said that inflation will continue to hurt margins of . However, that will not disrupt private sector capex revival which is getting stronger. Edited excerpts:

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First Published: Tue, May 17 2022. 17:10 IST
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