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India on track to achieve 6.8-7% GDP growth this fiscal, says CEA

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The is on track to achieve a 6.8-7 per cent growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday.


He said the economic recovery momentum is continuing and the is averaging the 2019-20 level.


“In 2022-23, the economy is on track to reach a 6.8-7 per cent growth in the current fiscal,” he said, adding festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds.


The IMF has projected to grow at 6.8 per cent this fiscal, while the RBI has pegged it at 7 per cent.


India’s economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, as against 8.4 per cent in the same period 2021-22.


India’s economy grew by 9.7 per cent growth in the first half (April-September) of this fiscal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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