The Indian economic system is on monitor to realize 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 continuous, and the GDP is averaging the 2019-20 stage.
“In 2022-23, the economic system is on monitor to succeed in a 6.8-7 per cent development within the present fiscal,” he stated, including pageant gross sales, PMI, financial institution credit score development and auto gross sales knowledge 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 towards 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 workers and is printed from a syndicated feed.)
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