CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

India’s economy is well poised to grow at a sustained rate of seven per cent “as we go into 2023” and for the rest of the decade, chief economic advisor V Anantha Nageswaran said on Tuesday. His projections are lower than the estimate of 8-8.5 per cent GDP growth in the current financial year provided in the government’s Economic Survey in January 2022.

“India recently surpassed the United Kingdom to become the world’s fifth largest economy in absolute terms. While that is a creditable achievement, it is not exactly a surprise,” Nageswaran said in a virtual address at the Global