BS BFSI Summit: Economy may grow at 10.5% or more in FY22, says Rajiv Kumar

Full-fledged private investment recovery expected by Q2FY23, he says

The Indian economy will register a growth rate of at least 10.5 per cent this fiscal year against the consensus of 9.5 per cent, NITI Aayog Vice-Chairman Rajiv Kumar said on Tuesday while delivering the keynote address at Business Standard’s BFSI Insight Summit.

He expected economic growth to be 8 per cent on a sustained basis from FY23.

He said the economy was on a W-shaped recovery (“double dip”, meaning the economy picks up, falls again, and starts rising). “We are in the last leg of the W, and it will be more sustained ... All the high frequency indicators