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Economic Survey: Govt sees scope for retaining world-beating economy tag

The survey expectations for the next fiscal year are conservative compared to the 9% expansion seen by IMF.

GDP Growth
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India has the fiscal space to do more to support the economy, poised to wrest the title of the world’s fastest-growing major one from China and keep it for at least another two years, according to a government document.

Gross domestic product is expected to grow by 8%-8.5% in the year starting April after likely expanding 9.2% in the current year, according to the Economic Survey -- an annual report card on the economy -- presented in Parliament by Finance Minister Nirmala Sitharaman Monday. The International Monetary Fund predicts it will keep the momentum in the following year as well.

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First Published: Jan 31 2022 | 1:45 PM IST

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