<span style="color: #222222;">Chief Economic Advisor Dr &nbsp;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 &nbsp;Parliament on Monday, Dr Nageswaran said, the country's GDP growth &nbsp;is expected to &nbsp;remain robust in financial year &nbsp;2023-24. He said, India's economy is poised to do better in the remainder of this decade.<br />''<br />''Dr &nbsp;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 &nbsp;during next Financial Year it is projected &nbsp;at 6.1 per cent. He said, for Financial Year &nbsp;2024-25, GDP is projected at &nbsp;6.8 per cent. <br />''<br />''He added that recovery of economy is complete and &nbsp;non-banking and corporate sectors now have healthy balance sheets. He said, there is no need &nbsp;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 />
News On AIR | January 31, 2023 8:58 PM
India's economy poised to do better in remainder of this decade, says CEA Dr V Anantha Nageswaran