Business Standard

Finance ministry sticks to double-digit economic growth forecast

Sanyal says ministry's assessment of inflation remains on a par with RBI's

Sanjeev Sanyal
Premium

Principal Economic Advisor Sanjeev Sanyal

Shrimi Choudhary New Delhi
Even when most global organisations have slashed their economic growth forecasts for India to single digits, the fina­nce ministry is confident of achieving double-digit growth this fiscal year.
 
“Our initial estimates were quite conservative and steady, unlike the other institutions, which may have been optimistic. We stand by the February Budget estimates of a 10.5 per cent GDP growth rate. We will be close to our Budget estimates but might be lower than the Economic Survey’s — but still, have around double-digit growth for the current fiscal year,” Principal Economic Advisor Sanjeev Sanyal told Busi­ness Standard. Most of the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2021 | 6:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com