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India Will Achieve 6.8-7% GDP Growth This Fiscal: Chief Economic Advisor

By Amit - November 30, 2022

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What did the Chief Economic Advisor say about India’s growth rate?

New Delhi:

India’s economy will achieve a growth rate of 6.8 -7 per cent in this financial year. This is to say of the country’s Chief Economic Advisor V Ananth Nageswaran. He said that the phase of getting the economy back on track is going on and our GDP has now reached the level of the year 2019-20. V Ananth Nageswaran further said that in the year 2022-2023, our economy is moving forward at a growth rate of 6.8-7 per cent, getting back on track. He considered better trends in sales during festivals, PMI, credit growth of banks and auto sales data as good for the economy.

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Explain that according to the IMF, India’s GDP growth rate was estimated to be 6.8 percent in this financial year. While the RBI had estimated 7 percent. In the July-September quarter of this financial year, the growth rate of the country’s economy was recorded at 6.3 per cent, which was lower than in the same period of 2021-22.

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