Boosting Rural Investment through Strategic Public Expenditure: CII President's Vision

CII President Sanjiv Puri emphasizes the need for a sharper focus on rural, housing, and agriculture sectors through strategic public capital expenditure.

Public CapexRural InvestmentCiiSanjiv PuriGdp GrowthReal Estate NewsJun 16, 2024

Boosting Rural Investment through Strategic Public Expenditure: CII President's Vision
Real Estate News:CII President Sanjiv Puri has emphasized the need to enhance investments in rural areas through strategic public capital expenditure (capex). He believes that this focus will lead to a significant boost in India's GDP growth. According to Puri, India's GDP is expected to grow by 8 percent in FY24-25, which can be attributed to a better performance by the agriculture sector. The CII President highlighted that public capex should prioritize sectors such as rural, housing, and agriculture, among others, to promote sustainable growth. By investing in these critical sectors, the government can create a multiplier effect that benefits the entire economy. Puri's vision for strategic public expenditure underscores the importance of investing in rural areas to drive economic growth and development.

Frequently Asked Questions

What is the expected GDP growth rate for India in FY24-25?

8 percent

What is the primary driver of India's GDP growth, according to Sanjiv Puri?

Agriculture sector

What is the focus of public capex, as per Sanjiv Puri?

Rural, housing, and agriculture sectors

Why is investing in rural areas critical for economic growth?

It creates a multiplier effect that benefits the entire economy

Who is the President of CII?

Sanjiv Puri

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