Economy

India to log double-digit growth this fiscal: Chief Economic Adviser

Chief Economic Advisor Krishnamurthy Subramanian. File   | Photo Credit: K.V.S. Giri

Chief Economic Adviser (CEA) K.V. Subramanian on Tuesday said India is expected to log double-digit growth in the current financial year, aided by rising demand and a robust banking sector.

He also said the seminal second generation reforms would help the country grow over 7% during this decade.

India's GDP growth stood at 8.4% in the second quarter of 2021-22, with the economy surpassing the pre-COVID level, official data showed on Tuesday.

With regard to fiscal deficit, he said the Budget estimate is likely to be met.

The government estimates fiscal deficit at 6.8% of the gross domestic product (GDP) for the current financial year ending on March 31, 2022.


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Printable version | Jan 18, 2022 9:18:53 AM | https://www.thehindu.com/business/Economy/india-to-log-double-digit-growth-this-fiscal-chief-economic-adviser/article37773744.ece

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