Chief Economic Adviser's Prediction On India's GDP Growth, Fiscal Deficit

Risk is evenly distributed to around 6.5 per cent growth projection for FY2023-24, said Chief Economic Adviser V Anantha Nageswaran.

Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period.

India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.