Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high levels of inflation, according to newly-elected CII President Sanjiv Puri.

The Confederation of Indian Industry (CII) expects India's economy to grow at 8% in 2024-25, driven by improved agricultural performance, increased private investment, and favorable monsoon conditions.

Sanjiv Puri, president-designate of leading industry body CII said that there are lots of opportunities in India which has a huge talent pool. "The world is looking at us so far as supply chain and digital transformation are concerned. India also has the advantage of the demographic dividend", he added.

Addressing concerns over the valuation of Indian stocks, Buch pointed out that despite India's relatively high price-earnings (PE) multiples, the country continues to attract investments due to global investors' faith and trust.