Finance ministry sticks to double-digit economic growth forecast

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

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