Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.
Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.
India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period.
India s economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.
On March 28, G20 India Presidency set up the expert group co-convened by Singh and former US Treasury secretary Lawrence Summers. Singh and Summers had invited inputs from the public ahead of the submission of their report ahead of the G20 Finance Ministers and Central Bank Governors meeting in July in Gandhinagar.
Nageswaran said with the strengthened balance sheets of the banking and corporate sectors, more investments will take place in the economy leading to growth in income and creation of employment.