$1-trn investments in each of next 5 years can spur GDP growth to 10%: CII

Around $5.74 trillion would be needed to boost GDP growth to levels that can pull up 27 crore Indians from below the poverty line, and generate 70-80 lakh jobs a year, CII president said

India would need over $1 trillion investments every year for the next five years if annual GDP growth is to reach 10 per cent, the Confederation of Indian Industry (CII) said on Monday while presenting its wish list to the new government led by Prime Minister Narendra Modi.

Ahead of the Budget and the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) meeting, it also called for reduction in rates of various taxes and repo rate.

Around $5.74 trillion would be needed to boost GDP growth to levels that can pull up 270 million Indians from below the poverty