CII Economy

Mr Ananth Narayan G, Whole Time Member, The Securities and Exchange Board of India (SEBI), delivering Keynote Address at the Inaugural Session of the CII Conference on Financial Governance & Building Trust held on Tuesday, 11 March 2025 in Mumbai.
CA Charanjot Singh Nanda, President, The Institute of Chartered Accountants of India (ICAI), delivering Special Address at the Inaugural Session of the CII Conference on Financial Governance & Building Trust held on Tuesday, 11 March 2025 in Mumbai.
L -R: Mr Shobhit Sinha, Director, CII; Mr N Venkatram, Chairman, CII National Committee on Financial Reporting & Country Chair, CDPQ India; Mr Ananth Narayan G, Whole Time Member, The Securities and Exchange Board of India (SEBI); CA Charanjot Singh Nanda, President, The Institute of Chartered Accountants of India (ICAI); Mr Mark Billington BFP FCA, Managing Director International, The Institute of Chartered Accountants in England and Wales (ICAEW); Mr Himanish Chaudhuri, Partner and Financial Services Industry Leader, Deloitte Touche Tohmatsu India LLP at the Inaugural Session of the CII Conference on Financial Governance & Building Trust held on Tuesday, 11 March 2025 in Mumbai.
Mr R Dinesh, Immediate Past President, CII & Chairman, TVS Supply Chain Solutions Ltd addressing the CII Governance Series on Governance and Trust - True value creation on Friday, 28 February 2025 at Chennai.
L-R: Mr Gopal Mahadevan, Director - Strategic Finance and M&A, Ashok Leyland; Mr R Dinesh, Immediate Past President, CII & Chairman, TVS Supply Chain Solutions Ltd; Mr Srivats Ram, Managing Director, Wheels India and Mr Anindya Ghosh, Partner, Argus Partners addressing the CII Governance Series: Breakfast Session with Mr R Dinesh on Friday, 28 February 2025 at Chennai.
Hon’ble Smt. Ravneet Kaur, Chairperson, Competition Commission of India at the at the CII Annual Conference on Competition Law and Practice on Friday, 7 February at Mumbai.
L-R: Ms Chitra Mittal, Senior Director, CII; Ms Zia Mody, Chairperson, CII National Committee on Regulatory Affairs and Co-Founder & Managing Partner, AZB & Partners; Hon’ble Smt. Ravneet Kaur, Chairperson, Competition Commission of India; Mr Venkatachalam Iyer, MD and CEO, Tata AIA life insurance and Mr Robin Banerjee, Chairman, CII WR Sub Committee on Responsible Business & Chairman, Nucleon Research at the CII Annual Conference on Competition Law and Practice on Friday, 7 February at Mumbai.
L-R: Mr Chandrajit Banerjee, Director General, CII; Mr Sanjay Agarwal, Chairman, Central Board of Indirect Taxes and Customs, Ministry of Finance, Govt. of India; Dr Arunish Chawla, Secretary, Department of Investment and Public Asset Management and Department of Public Enterprises, Ministry of Finance, Govt. of India; Mr M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, Govt. of India; Mr Tuhin Kanta Pandey, Finance and Revenue Secretary, Ministry of Finance, Govt. of India; Mr Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, Govt of India; Dr V. Anantha Nageswaran, Chief Economic Advisor to the Govt. of India; Mr Ravi Agrawal, Chairman, Central Board of Direct Taxes, Ministry of Finance, Govt. of India & Mr Rajiv Memani, President Designate, Confederation of Indian Industry (CII) at Union Budget 2025-26, Interactive Session with Ministry of Finance on 3 February 2025.
CII CEOs at the Union Budget 2025-26 - Budget Viewing Session on 1st February 2025 at New Delhi.
[L-R]:- Mr Arunkumar Balachandran, Convenor, MSME Panel, CII Chennai Zone & Director, Agni Controls; Mr Srivats Ram, Chairman, CII Tamil Nadu State Council & Managing Director, Wheels India Ltd; Mr Anand Srinivasan, Value Investor & Public Policy Enthusiast; Mr Anush Narayanan, Convenor, MSME CEO Forum, CII Chennai Zone & Chief Executive Officer, Kaaveri Grove India present at the Inaugural session of the Finnovation Summit 2024 held on 20 December 2024 in Chennai.

Economy

Advance estimates released by the CSO suggest that India’s economic growth is expected to bounce back swiftly to 9.2 per cent in FY22 after contracting by 6.6 per cent in FY21. The swift bounce back indicates that the momentum of economic activity is gaining further traction, aided by expanding vaccination coverage, rapid subsiding of new infections and release of pent-up demand along with swift policy interventions by the government to tackle the pandemic induced disruptions. From the supply side, the agriculture & allied sectors, which has been the least impacted by the pandemic is expected to grow by 3.9 per cent in FY22 after growing by 3.6 per cent in the previous year. The industrial sector is expected to rise by 12.2 per cent in FY22 after contracting by 6.4 per cent in FY21. The services sector, on the other hand is the hardest hit by the pandemic, mostly because of the contact-based nature of the sector. It is estimated to grow by 8.5 per cent in FY22, following a contraction of 8.4 per cent in FY21. The government throughout has continued to announce reforms which have shaped the growth trajectory of the country. It has laid emphasis on supply-side reforms rather than a total reliance on demand management through measures such as deregulation of numerous sectors, simplification of processes, removal of legacy issues like ‘retrospective tax’, privatisation and production-linked incentives to boost the manufacturing capacity of India. It has also increased capital spending which can be seen both as demand and supply enhancing response as it creates infrastructure capacity for future growth. With the reform’s momentum staying intact and the likelihood of robust government spending crowding-in private investment, India is set to achieve GDP growth of 8.0-8.5 per cent in FY23. Robust capex boost from the central government will also support growth. However, there are certain challenges that also persist on the horizon. These challenges encompass risks such as the emergence of new variants of Covid-19, elevated energy prices leading to a further rise in inflation levels in the country, and most importantly the liquidity tapering and hiking of interest rates by US. Advance estimates released by the CSO suggest that India’s economic growth is expected to bounce back swiftly to 9.2 per cent in FY22 after contracting by 6.6 per cent in FY21. The swift bounce back indicates that the momentum of economic activity is gaining further traction, aided by expanding vaccination coverage, rapid subsiding of new infections and release of pent-up demand along with swift policy interventions by the government to tackle the pandemic induced disruptions. From the supply side, the agriculture & allied sectors, which has been the least impacted by the pandemic is expected to grow by 3.9 per cent in FY22 after growing by 3.6 per cent in the previous year. The industrial sector is expected to rise by 12.2 per cent in FY22 after contracting by 6.4 per cent in FY21. The services sector, on the other hand is the hardest hit by the pandemic, mostly because of the contact-based nature of the sector. It is estimated to grow by 8.5 per cent in FY22, following a ...

Key Initiatives / Information

Five years of GST and the way forward

GST: Five years and counting towards unity

How India held its own amid global chaos

Aatmanirbhar Bharat needs Aatmanirbhar banking sector

CII prez for GST Council-like bodies for Energy, Labour

CII chief calls for incentive-based schemes for labour-intensive sectors

Govt must stay the course on banks, general insurer privatisation: CII Chief

Expect more sectors to get into investment cycle

End of war, covid will set stage for private investments

Not in favour of outright Crypto ban: CII''s Sanjiv Bajaj

War, supply snags delaying investments

CII: India''s GDP may grow 7.4-8.2% in FY23

Robust reforms can help beat inflation: CII Prez

Allow large NBFCs to offer full banking services: CII chief

Centre, States must cut fuel taxes to bring relief to common man: CII chief

Consulting / Advisory Services

Feasibility Analysis and Reporting Services for MSMEs

CII offers Feasibility Analysis and Reporting Services for MSMEs to enable MSMEs to prepare proposals for funding or Joint Ventures. This service is being provided using a Computer model for Feasibility Analysis and Reporting (COMFAR) software developed by UNDO. This software permits the user to simulate the short- and long-term financial and economic situation of investment projects. The software facilitates the analysis of industrial as well as non-industrial projects, whether new investments, rehabilitations, expansions, joint venture or privatization projects.

Lean Six Sigma

Over several decades, quality philosophy has evolved from “Inspecting the Quality into the Product” to “Right the first time” and building “Robust Products and Processes” which finally lead to a “Zero Defect” output. While various quality gurus propagated different approached, the key objectives of the programs remained quite similar. Lean Six Sigma is one of the philosophy which addresses some of the key requirements in today’s environment • Business Results and Breakthrough Improvements • Data Driven with Application of Right Tools • People Involvement and Capability Building • Structured Execution and Review Mechanism CII Institute of Quality focuses on customising the approach to the specific industry requirement and builds capability to ensure sustained results. The CII Institute of Quality initiated support to industry on the subject almost a decade back and since then serviced 200 organisations and certified 220 Black Belts.

Total Productive Maintenance & Lean Management

Total Productive Maintenance, shortly termed as TPM, is the concept originated and developed by Japan Institute of plant Maintenance (JIPM) Tokyo, since late sixties. JIPM-TPM is the key for the operational excellence for many Japanese companies. TPM strives to achieve high level of productivity, through total participation of all people inside the organisation and then developing self-managing abilities in people and practices. Productivity, in JIPM-TPM means increasing production and reducing cost simultaneously.

Quality Management & Laboratory Services

• Assisting organizations in formulating a Quality Vision and developing a Strategic Quality Framework • Fostering Organizational success by developing mature business quality systems on a risk based model • Embedding robust process management framework in complex, matrix environments • Gap analysis and evaluation services on quality applications deployment • Enabling Conformity Assessment Bodies attain globally recognized accreditation based on ISO standards 17020, 17021,17065, 17024 • Helping public services develop their Citizen’s Charter development and quality and processes based on IS 15700 • Customized Long term Certificate courses on quality management and statistical methods for middle and senior quality managers.

CII-EXIM Bank Award for Business Excellence

The Award for Excellence was established jointly by CII and Export-Import (EXIM) Bank of India in 1994 and is based on the EFQM Model for Excellence. Its main aim is to enhance the ‘Competitiveness of India Inc.’, and recognises organisations who have achieved excellence. A large number of organisations have used this model to: • Define excellence across the organisation • Develop an integrated approach for achieving substantial competitiveness • Review and improve strategy, process and performance • Identity and share first-class practices • Provide opportunities to develop business leaders.

Projects

CII Annual Conference on Competition Law and Practice

Mumbai Maharashtra India Feb 07, 2025 To Jul 31, 2025

CII Corporate Governance Summit - 17 April 2025

Mumbai Maharashtra India Apr 17, 2025 To Apr 17, 2026

Seminar on Digital Personal Data Protection Act, 2023 (25 September 2024, New Delhi)

Delhi Delhi India Sep 25, 2024 To Jun 30, 2025

CII News Update

Proposal to allow ‘Put’ & ‘Call’ Options in Shareholders’ agreements would boost foreign investment into the country: Mr Chandrajit Banerjee, DG, CII

CII welcomes the decision taken by the Government to allow incorporation of ‘call’ and ‘put’ options in shareholders’ agreement. The proposal to remove restrictions on using options in shareholders’ pact for M&A and PE transactions would encourage inflow of foreign investment into the country. This.....

Statement by Mr Chandrajit Banerjee, Director General, CII

Commenting on IIP Data, Mr Chandrajit Banerjee, Director General, CII, said, “A 2.5 percent growth over a negative base of -2.8 percent in March last year indicates that a robust and broadbased growth is elusive for the sector. What is creating concern is the growth of the mining sector which cont.....

Dr Arvind Mayaram Statement at CII

Speaking at the seminar organised by CII on the background of 46th ADB Annual Meeting held in Delhi, Dr Arvind Mayaram, Secretary (Economic Affairs), Ministry of Finance said that the existence of an efficient financial system facilitates economic activity and growth and also stated that a country .....

Bangladesh pitches for common South Asian Currency

“A Common Currency is the need of the hour in South Asia to promote Trade and Investment. Introduction of such currency will facilitate greater economic integration within the region” said Mr. A. M. A. Muhith, Finance Minister of Bangladesh while addressing the meeting on “Boosting Sub-Regional Dev.....

Repo Rate Cut Welcome, but Short of Expectations: CII President S Gopalakrishnan

“The decision of RBI to cut the policy rates by 25 basis points, the third time during the current year, in its annual policy review, sends a strong signal that the RBI is refocusing its priority in favour of growth in view of the moderating WPI based inflation and weakening demand in the economy”,.....

Statement by Mr Chandrajit Banerjee, Director General, CII

“A rate cut of 25 basis points, while welcome, falls short of CII''s expectation of a 50 bps cut in policy rates which was crucial under the current economic conditions. A 50 bps cut in policy rates would have provided a strong boost to the economy and made a significant impact on investor sentimen.....

Accelerating growth through conscious competitiveness is the agenda of CII-SR in 2013-14

CII Southern Region would focus on the theme - “Accelerating Growth - Conscious Competitiveness” for the year 2013-14 said, Mr B Santhanam, Chairman, CII – Southern Region while addressing his maiden Press Conference in Chennai on 2 May 2013. Mr Santhanam said that CII-Southern Region’s agenda.....

Our agenda is to accelerate economic (GDP) growth to 6 – 6.5 percent this year and to take it to 8.5 – 9 percent as quickly as possible: S Gopalakrishnan, President CII

Accelerating Economic Growth through Innovation, Transformation, Inclusion and Governance - CII’s focus

Addressing a press conference at CII NR Headquarters in Chandigarh on Friday, to unveil the CII theme for 2013-14, the newly elected CII President, Kris Gopalakrishnan, Co-Founder and Co-Chairman, Infosys Limited, highlighted that ‘In order to attract investments and accelerate growth, it is essent.....

India-ASEAN Trade Doubled to US$ 80 Billion Exploring New Areas of Cooperation: Preneet Kaur, Minister of State for External Affairs

“India - ASEAN trade in goods has been robust, growing to $80 billion in 2011-12, doubling since 2007-08 despite the global economic crisis”, Mrs. Preneet Kaur, Minister of State for External Affairs said while addressing the conference on "India-ASEAN Project Partnership" at New Delhi organised b.....