January 31, 2023 8:58 PM

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India's economy poised to do better in remainder of this decade, says CEA Dr V Anantha Nageswaran

<span style="color: #222222;">Chief Economic Advisor Dr  V. Anantha Nageswaran has said that Indian economy is expected to grow at 6.5 per cent in 2023-24 and the range is projected between 6 to 6.8 per cent. Addressing a press conference in New Delhi on the highlights of Economic Survey 2022-23, which was presented in  Parliament on Monday, Dr Nageswaran said, the country's GDP growth  is expected to  remain robust in financial year  2023-24. He said, India's economy is poised to do better in the remainder of this decade.<br />''<br />''Dr  Nageswaran said that international Monetary Fund- in its World Economic Outlook Update, has maintained India's GDP forecast for current Financial Year at 6.8 per cent and  during next Financial Year it is projected  at 6.1 per cent. He said, for Financial Year  2024-25, GDP is projected at  6.8 per cent. <br />''<br />''He added that recovery of economy is complete and  non-banking and corporate sectors now have healthy balance sheets. He said, there is no need  to speak of pandemic recovery any more and we have to look ahead to the next phase.<br />''<br />''Dr Nageswaran said, according to the Economic Survey, private investment in 10 sectors in first half of 2022-23 is higher than what it was in first half of 2021-22. These include pharma, textiles, cement, chemicals and capital goods. He also added that India is well ahead of its targets for renewable energy mix.</span><br />

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