FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran

Range between RBI's 7.2% and IMF's 8.2% a reasonable prediction, says CEA

Chief Economic Advisor V Anantha Nageswaran said on Wednesday that the range given by various agencies for India’s FY23 real gross domestic product growth – from Reserve Bank of India’s (RBI’s) 7.2 per cent to the International Monetary Fund’s (IMF’s) 8.2 per cent — was a realistic one.

Speaking at an event organised by the Centre for Social and Economic Progress (CSEP), Nageswaran had also said volatile oil prices due to Russia’s invasion of Ukraine had made it difficult to predict what the Centre’s subsidy burden at the end of the year will be.

“This range, between the RBI’s 7.2 and the