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Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India

Speaking about the Fed’s actions, CEA V Anantha Nageswaran said he was surprised at Fed’s hawkishness on rate hikes as inflation in the US hit a four-decade high in February.

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"The range of outcomes is fairly wide. Wider than it could ever be and that makes decision making all the more hazardous. Lots of luck is needed to get it right," he said at an event here

PTI

2 min read Last Updated : May 04 2022 | 8:37 PM IST

Chief Economic Adviser V Anantha Nageswaran on Wednesday said India's growth is expected to be in the range of 7-8.5 per cent given the global uncertainties.

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India.

"The range of outcomes is fairly wide. Wider than it could ever be and that makes decision making all the more hazardous. Lots of luck is needed to get it right," he said at an event here.

As per the Economic Survey, India's economy is expected to grow by 8-8.5 per

Topics : Reserve Bank of India growth