'Investment plan on track'

Results of the Ficci’s Business Confidence Survey of 359 companies for the second quarter of fiscal 2010-11 showed that even though 86 per cent of them expected the lending rates to further go up, 75 per cent said investments would go ahead as planned.

In fact, half of those covered in the survey said that they would even “scale up their investment in the next six months.”

Indian economy grew by 8.8 per cent in the first quarter of the current fiscal and the year is expected to end with a GDP (Gross Domestic Product) expansion of 8.25-8.50 per cent, by different estimates, including RBI.

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