Indian economy to see 9.5% growth this fiscal: Arvind Virmani
The Hindu
Mr. Virmani noted that COVID-19 pandemic hit economic recovery and pushed for tax reforms.
The Indian economy is likely to register a growth of 9.5% in this financial year, former Chief Economic Advisor Arvind Virmani said on January 11.
Addressing a virtual event organised by industry body PHDCCI, Mr. Virmani said government expenditure and exports have peaked, but so far private consumption has not recovered due to the pandemic.
“The current financial year’s growth will be higher and close to 9.5%. And this decade’s (FY21-FY30) average growth will be 7.5% plus minus 0.5%,” he said.
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