CII on Thursday objected to any mandatory reservation for socially underprivileged in the private sector even as it forecast 8.3 per cent GDP growth target for this financial year.
"Mandatory reservation in any form is not conducive to competiteveness of the industry. It is not acceptable," R Seshasayee, the new president of CII said in his inagural press conference.
However, even as he objected to any mandatory reservation policy for Scheduled Castes and Scheduled Tribes, he said industry needed to take positive action to empower the backward classes to join the mainstream.
This he said would empower them in terms of education and deployability skills.
Sheshasyaee said, riding on robust growth in industrial and services sector the GDP would grow 8.3 per cent this fiscal while agriculture was expected to grow 3 per cent, industry 9.1 per cent and services 9.9 per cent.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
More from rediff