Industry President India needs to return to at least 8% of the growth

India is experiencing a 16-year period for more than a month's parliamentary elections, the final results will decide the next government the prime minister of India. Regardless of is the ruling congress party, or is a leading in the polls opposition people's party wins,3-layer PE Natural Gas Coated Carbon Steel Pipe all need to face a problem: how to restore economic growth in India.

India's economy is in a decade to the slow growth stage, India's GDP growth of 4.9% last year. "For India, we need more growth. India needs to return to at least 8% of the growth." Indian Chambers of commerce and industry President SidharthBirla during attending 2014 boao Asia BBS to accept the 21st century business herald "reporter in an interview. Indian Chambers of commerce and industry is one of India's largest and oldest business group.

In Birla point of view, from the point of the market, India is very attractive to foreign investors. Stand in the way of foreign investors is operating elements, such as law, policy, rather than commercial potential. Need more collaboration between China and India,, he thought, "we believe that Chinese companies interested in investing in India is,ASME B16.9 std a234wpb pipe elbow the Chinese enterprise to India also in India's interests."

India needs more investment in infrastructure
"21st century" : how do you expect to India after the election?
Birla: India's economic growth last year was 4.9%, forecasts this year's growth rate could reach 5.5%. No matter who is eventually came to power, we have such growth expectations. But for India, we need more growth, at least 8%. If no accident, we should be in 2016 or 2017 recovery 8% increase. The problem is that how we can ensure the recovery of growth, can more
To achieve this goal.
"21st century" : what do you think the government needs to take measures to resume the growth of India?
Birla: we have a lot of things to do. Now,ASME RF/FF Welding Socket Weld slip on flange the decline in capital spending, people no longer do new investments. We need new investment of industrial, manufacturing, services also need, though we already had a big scale of software industry. India's manufacturing industry's contribution to GDP is only 15%, now our goal is to make it up to more than 25%. If there is no investment, the plan won't be able to realize.
Second, we need more investment in infrastructure. We need roads, ports and power.