Good news: Only jobs will be available, 97% companies said they will hire.

Three out of four firms participating in an industry survey said the current economic environment is favorable for private investment. The interim results of the survey conducted by the Confederation of Indian Industry (CII) on investment, jobs and wages show that more than 97 percent of the firms can increase employment in the financial years 2024-25 and 2025-26.

CII Director General Chandrajit Banerjee said, ‘The two important drivers of growth, private investment and employment, look positive. We believe that overall growth this year will be between 6.4 to 6.7 percent and it could be 7 percent in FY 2026. The latest advance growth projections released by the National Statistics Office said investment demand, reflected in gross fixed capital formation, is likely to grow by 6.4 per cent in FY2025, the same as in the first half. This indicates that private investment is not increasing meaningfully. According to advance estimates, India’s GDP will grow at the rate of 6.4 percent in the financial year 2025, which is less than the 6.6 percent growth estimate of the Reserve Bank and 6.5 percent growth of the Finance Ministry.

All big, medium and small companies took part in the survey conducted among 500 companies in all the states of the country and this survey was completed in the first week of February. The interim results are according to a survey sample of 300 firms. The share of firms in the manufacturing and mining sectors in the sample is 68 percent. About 90 percent of the firms included in the survey have invested different amounts in the last one and a half years.

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More than half, 59 percent, of companies said they would invest in the second half of FY2025 and 70 percent said they would invest in FY2026.
Banerjee said, ’70 percent of the firms surveyed said that they will invest in FY26, which means that private investment may pick up pace in the next few quarters.’Plan to increase investment in the second half of FY2025 Among the manufacturing companies, 45 percent of the companies are considering increasing their investment between 0 to 10 percent, while 39 percent say that they are planning to increase the investment by 11 to 20 percent. Will do.

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