Chief Economic Advsior (CEA) V Anantha Nageswaran has said the Indian economy is on track to achieve a 6.8-7 per cent gross domestic product (GDP) growth in the current fiscal (FY23). He said the economic recovery momentum is continuing and the GDP is averaging the 2019-20 level.
He added festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds. India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, as against 8.4 per cent in the same period 2021-22.
India's economy grew by 9.7 per cent growth in the first half (April-September) of this fiscal. Besides, the IMF has projected Indian economy to grow at 6.8 per cent this fiscal, while the RBI has pegged it at 7 per cent.
