Private investments taking off; consumption growing: CII president Sanjiv Puri

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NEW DELHI : Private investments are taking off, and household consumption, which has crossed pre-pandemic levels, is growing, unlike in many countries, according to Sanjiv Puri, president of the Confederation of Indian Industry (CII) and chairman and managing director of consumer goods conglomerate ITC Ltd. Puri added that with global trade expected to do much better in 2024-25, India’s consumption and growth story will get further impetus. Quoting data from the ministry of statistics, Puri said investments in fixed assets like plant and machinery in nominal terms was at 23.8% of gross domestic product (GDP) in 2022-23 compared to 22.4%...