India's GDP growth stood at 8.4 per cent in the second quarter of 2021-22, with the economy surpassing the pre-Covid-19 level
KV Subramanian. Pic/KV Subramanian's official Twitter account
Chief Economic Adviser (CEA) KV Subramanian said India is expected to log double-digit growth in the current financial year, aided by rising demand and a robust banking sector.
He also said the seminal second-generation reforms would help the country grow over 7 per cent during this decade. India's GDP growth stood at 8.4 per cent in the second quarter of 2021-22, with the economy surpassing the pre-Covid-19 level, official data showed on Tuesday. With regard to fiscal deficit, he said the Budget estimate is likely to be met.
The government estimates a fiscal deficit at 6.8 per cent of the gross domestic product (GDP) for the current financial year ending on March 31, 2022.
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