Global uncertainties have impacted private capital expenditure in the last three to six months, causing delays in planning for long-term investments according to Rajiv Memani, President of the Confederation of Indian Industry (CII).
Memani expresses optimism for India's economic resilience amidst macroeconomic factors and ongoing uncertainties, highlighting the need for predictability in business planning.
The India-US Free Trade Agreement is seen as strategically important, with discussions between industries and the Commerce Ministry focusing on the opportunities and challenges presented by the deal.
Industries are expected to benefit from reduced tariffs through the agreement, leading to a positive outlook, as Memani continues to hold a bullish view on India and its potential for growth.