Industry body Confederation of Indian Industry (CII) on Thursday predicted that India's economic growth rate for 2017-18 will range between 7.5 and eight per cent.

According to newly elected CII President Shobana Kamineni, key reforms such as the introduction and implementation of the Goods and Services Tax (GST) system will be a growth driver during the current fiscal.

Kamineni, also the Executive Vice-Chairperson of Apollo Hospitals Enterprise (AHEL), said the growth rate band will also depend on normal monsoon and a slight improvement in the global economic environment.