Indian economy to grow by 7-7.8% in FY23: Experts

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The Indian economy can grow by 7-7.8 per cent this fiscal on the back of better agriculture production and a revitalised rural economy amid global headwinds mainly due to the ongoing Russia-Ukraine war, eminent economists said.

Retail inflation eased to 7.04 per cent in May, mainly on account of softening food and fuel prices as the government and the RBI stepped in to control spiralling price rise by way of duty cuts and repo rate hikes.

Echoing similar views, eminent economist and Institute for Studies in Industrial Development (ISID) director Nagesh Kumar said the high-frequency indicators point to a robust growth momentum carrying through 2022-23 with a real GDP growth somewhere between 7-7.8 per cent.

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Category: Economy

Topics: India gdp growth India growth projection India growth Business news India economy India economy groth

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Article Type: News Report

Published On: 2022-06-23, 20:40:53

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 657 words

Coverage Area: India

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News ID: 5928

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