India s growth has been consistent in the post pandemic years, the report says. However, despite positive forecasts, some experts say that India lacks manufacturing and industrial competitiveness.
The Indian economy is expected to grow at 6% due to a global economic slowdown and delayed monetary policy effects, according to a mid-year macroeconomic report by the NIPFP. The report indicates that agricultural growth and services growth remained sluggish in Q1, whereas construction and consumer non-durable sectors showed buoyancy.
India is facing economic turmoil in the wake of the coronavirus pandemic, with people out of work and prices rising. Economists say there is little sign of relief on the horizon.
India Business News: India’s economy is estimated to grow by 11.5% in the first quarter of the current fiscal year and expand in the range of 8.4% to 10.1% for 2021-22, ec