Economy To Grow 10.5% In Current Fiscal, 7-7.5% In 2022-23
NDTV
The economic advisory council to Prime Minister Narendra Modi expects the country's growth to range between seven per cent and 7.5 per cent in the next fiscal year
The economic advisory council to Prime Minister Narendra Modi expects the country's growth to range between seven per cent and 7.5 per cent in the next fiscal year and that the next budget should have a clear roadmap for privatising the state-owned assets.
The government expects the economy to grow 10.5 per cent in the current fiscal year, following a record contraction of 7.3 per cent last year due to the COVID-19 pandemic.
The seven-member council said in a statement on Thursday that the contact intensive sectors and construction should recover the financial year 2022-23.
Recent economic indicators such as tax collection, export growth, retail sales, and power demand point towards a better than expected recovery, leading some economists to revise India's growth projection upwards.
