CII&China aluminum Telescopic ladder manufacturers39;s Business Outlook Survey for April-June 2019 stood at 59. The growth momentum across sectors such as infrastructure, automotives, consumer durables, and others will see huge impetus.CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade slowdown. With her six-dimensional announcement, FM has indeed hit a sixer out of the grounds," he added.6, lower than 65.On Friday, the government announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of start-ups from 'angel tax', a package to address distress in the automobile sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low.

CII President Vikram Kirloskar said the macro impact of the economic package announced can be expected to be significant. (Photo: File) New Delhi: Industry body CII on Sunday said the multi-sectoral and multi-dimensional policy stimulus announced last week will have significant impact, imparting stability and underpinning a new growth impetus for India. CII President Vikram Kirloskar said the macro impact of the economic package announced can be expected to be significant.."It is indeed # commendable that all these multi-sectoral steps were carried out without pressure on the fiscal deficit.

CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade slowdown.2 in the previous quarter.To bolster consumption, the government also said that banks have decided to cut interest rates, a move that would lead to lower equated-monthly installments for home, automobile and other loans.5 per cent for 2019-20."

Coming in the wake of several retaliatory and counter-retaliatory trade measures between the two largest global trading nations, the economic package announced by Nirmala Sitharaman, Minister of Finance and Corporate Affairs, on Friday imparts stability and underpins a new growth impetus for India," it added. Kudos for this well-thought economic stimulus," CII Director-General Chandrajit Banerjee said.Creation of a shelf of infrastructure projects and announcement of a long-term financial institution have wide positive ramifications for the economy, he said adding that the industry is looking forward to more such announcements from the finance minister as mentioned by her in speech on Friday.Sitharaman, who had been flooded with demands from different sectors after her maiden Budget this year, did little to address their distress, promised to continue the reforms and announce more measures next week

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