<ul data-eligibleForWebStory="false"><li>CII expects India's GDP to grow between 6.4-6.7% in the financial year 2025-26, driven by strong domestic demand, with some downside risks due to geopolitical uncertainty.</li><li>The newly appointed CII President, Rajiv Memani, advocates for a simplified three-tiered GST rate structure where essential items are taxed at 5%, luxury goods at 28%, and other items fall in the 12-18% bracket.</li><li>Currently, India follows a four-tiered GST structure with tax slabs at 5, 12, 18, and 28%.</li><li>Factors such as a good monsoon forecast, liquidity increase from the Reserve Bank's CRR cut, and interest rate reduction are expected to support India's economic growth within the 6.4-6.7% range.</li></ul>

CII Expects GDP To Grow 6.4-6.7% In FY26, Bats For Three-Tiered GST Structure

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