CEA Nageswaran expects India to grow by 7% in this year and decade

Tags: Economy/Finance Person in news

According to the Chief economic Advisor, V Anantha Nageswaran, the India economy will grow at a sustained rate of 7% in 2023 and for the rest of the decade.

He said this while he was virtually addressing the Global Fintech Fest in Mumbai on 20 September 2022.

IMPORTANT FACTS -

• Nageswaran's forecast is lower than the estimate of 8-8.5% GDP growth rate in the 2022-23 provided by the government's economic survey in January 2022.
• RBI has estimated 7.2 % growth rate for India in 2022-23.
• In 2021-22 the Indian economy grew by 8.7%.