India’s Chief Economic Adviser, V Anantha Nageswaran, stated on Wednesday that India can expect another year of solid economic performance following better than expected GDP numbers in the fourth quarter of FY23. India’s economy grew by 6.1% in the January-March quarter, bringing the annual growth rate to 7.2% due to improved performance in agriculture, manufacturing, mining, and construction sectors. Nageswaran believes that the risk to the projected GDP number of 6.5% in the current fiscal year is evenly balanced, with a good chance of exceeding this number. Reserve Bank Governor Shaktikanta Das has also declared that growth for 2022-23 is expected to exceed the advance estimate of 7%.
Note: There is no mention of a company in the article. V Anantha Nageswaran is the Chief Economic Adviser of India.
