GDP likely to grow 10% in FY22, says Debroy
The Hindu
‘High-frequency markers flag uptrend’
India's economy is moving towards a higher growth trajectory and is likely to grow at about 10% in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Wednesday.
“I am confident we are on a path towards a higher growth trajectory, higher poverty reduction, higher employment, and a prosperous, more developed and better governed India,” Mr. Debroy said at an SBI event.
At the beginning of FY22, forecasts for real growth were in the 8.5-12.5% range, he noted. However, high-frequency indicators including GST revenue, e-way bills, power consumption, vehicle registrations, railway freight, corporate profitability, foreign direct investment inflows and steel consumption had instilled confidence that the real rate of growth would be about 10% this fiscal, he said. For FY23, he expects growth to be in the 6-7.5% range.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.