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