CII Snap Poll Says GDP Hopes To Be 8-8.5pc

New Delhi: The Confederation of Indian Industry''s CEOs snap poll on the macro-economic outlook for the economy in 2008-09 said that 50 per cent of the participants hoped GDP growth to be in the range of 8.0 per cent to 8.5 per cent. Another 41 per cent of the CEOs felt that the GDP growth is expected to be in the range of 8.5 per cent to 9 per cent. With regard to inflation, 68 per cent of the CEOs estimated it to be in the range of 4 to 5 percent during the year. Considering the budget declarations and the prevailing macro-economic conditions, 79 per cent of the CEOs hoped increased investments in the economy.