FM Sitharaman says India looking at near double-digit growth this year

India will witness close to double-digit economic growth this financial year (FY22), which would be the highest among the major economies of the world, Finance Minister Nirmala Sitharaman has said. The economy is expected to grow at 7.5-8.5 per cent — as projected by rating agencies — in the next financial year, and the growth would sustain at this range for the next decade, she said on Tuesday.

“I expect that (growth) to be sustained for the next decade, because the rate at which expansion in core industries is happening, the rate at which services are growing, I don’t see a reason for India (growth) to be any way less (in) the coming decade,” Sitharaman said at the Harvard Kennedy School.

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