India Inc expects the economy to grow 7.5-8.5% this fiscal. The growth will be lead by rising capital investment and expanding exports, a Confederation of Indian Industry (CII) survey has said.

?The majority (of respondents) expect economic growth to be in the range of 7.5-8.5 % ,? said the CII Business Outlook. The survey was based on responses from 458 companies.

Industry optimism was also expressed in the Business Confidence Index that rose to 67.6 points for April-September 2010-11, from 66.1 points during the second half of 2009 fiscal, the survey added.

The survey added 73% of the respondents would like to increase investments from April 2010 to September 2011 from the levels in October 2009 to March 10 .

?With headline inflation nearing double digits, inflation is mentioned as one of the top concerns for the business community,? said the survey statement.

The survey also pointed out that in spite of various steps taken by the RBI to improve liquidity in the system, the actual offtake of credit has not improved substantially.

Regarding employment, 69% of the respondents expect employment to increase, during the next six months as compared with 45% during October 2009 to March 2010.

Exports could be promising over the next six months, the survey said. The survey added 79% of the respondents expected further increase in input prices over the next six months.