Annual Report 2018-19
INDIA RISE ANNUAL REPORT 2018-19 RESPONSIBLE | INCLUSIVE | SUSTAINABLE | ENTREPRENEURIAL 2 CII Annual Report 2018-19 INDIA RISE ANNUAL REPORT 2018-19 PRESIDENT’S REVIEW LOOKING BACK The year gone by was an action-packed year as we sought to fi gure out multiple sources of volatility in the global and Indian economic environment. Within this, our strong policy advocacy and multifaceted activities gained momentum at the National and State-levels, to ensure positive outcomes for Indian Industry. India cemented its position as the fastest growing major economy in the world, with an expected growth of 7% for 2018-19, with stable macroeconomic indicators and continued reforms. However, challenges relating to performance of agriculture, private investments, and poverty alleviation remain. Industry’s role as a responsible partner in development is central to our overall progress as a nation. Mr Rakesh Bharti Mittal President, CII As we approach India@75 in 2022, CII’s vision of an India of economic strength, technological vitality, moral leadership and inclusive growth was taken forward with the theme of ‘India RISE: Responsible. Inclusive. Sustainable. Entrepreneurial.’ I am happy to report progress on these key areas. CII’s policy recommendations helped promote entrepre- neurship and investment, working on issues such as liquidity crunch, rupee volatility, fl uctuating oil prices and others. We presented detailed inputs on kick- starting the credit cycle, reinvigorating MSMEs, and the key sectors of agriculture, manufacturing, services and infrastructure. Needless to say, this was a year of continuous engagement with Government, including the Prime Minister, various ministers, and senior offi cials. We celebrated India’s remarkable performance in Ease of Doing Business rankings to reach 77th rank in the 2019 World Bank’s Doing Business indicators.
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