Indian economy back in the green, says DEA secretary Tarun Bajaj

By next year, sovereign bonds to be part of global indices

The Indian economy is now growing at a slight margin over the previous financial year on a year-on-year basis, after showing a decline in the rate of India’s gross domestic product contraction in the second quarter of FY21, said Economic Affairs Secretary Tarun Bajaj on Friday. Also by next year, sovereign bonds will be the part of global bond indices as the government is working on structuring such papers for overseas investors, he said.

 Referring to the Reserve Bank of India’s revised estimate of small growth in the third and the fourth quarters of FY21, the secretary said the government is