Enthused by higher than expected GDP number in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran has said India’s economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
The real GDP growth for 2022-23 is higher compared to the growth projections by various international agencies, reflecting the strong resilience of the Indian economy. .
India’s economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing the annual growth rate to 7.2 per cent on account of better performance by agriculture, manufacturing, mining and construction sectors.
Good crop harvest and easing commodity prices to moderate India’s inflation in 2023-24, he adds.