India Will Achieve 6.8-7% GDP Growth This Fiscal: Chief Economic Advisor

India Will Achieve 6.8-7% GDP Growth This Fiscal: Chief Economic Advisor

V Anantha Nageswaran stated the financial restoration momentum is constant.

New Delhi:

The Indian economic system is on observe to attain a 6.8-7 per cent GDP development within the present fiscal, Chief Financial Advisor V Anantha Nageswaran stated on Wednesday.

He stated the financial restoration momentum is constant, and the GDP is averaging the 2019-20 degree.

“In 2022-23, the economic system is on observe to succeed in a 6.8-7 per cent development within the present fiscal,” he stated, including competition gross sales, PMI, financial institution credit score development and auto gross sales information exhibits that the economic system has maintained momentum regardless of world headwinds.

The IMF has projected the Indian economic system to develop at 6.8 per cent this fiscal, whereas the RBI has pegged it at 7 per cent.

India’s financial development slowed down to six.3 per cent within the July-September quarter of this fiscal, as in opposition to 8.4 per cent in the identical interval 2021-22.

India’s economic system grew by 9.7 per cent development within the first half (April-September) of this fiscal.

(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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