Indian economy is expected to grow beyond 10% in this fiscal: NITI Aayog vice chairman Rajiv Kumar

NITI Aayog vice-chairman Rajiv Kumar said the Indian economy is expected to grow beyond 10% in this fiscal, supported by a record kharif crop, bright rabi prospects and strong rebound in trade. However, inflation is emerging as a key risk to sustainable global economic recovery with supply chain constraints and rising energy prices, Kumar cautioned.

We expect India’s real GDP growth in FY22 to exceed 10% supported by a record kharif crop and bright rabi prospects. This will boost rural demand and spur the revival in the manufacturing sector with improving capacity utilisation,” Kumar said in the eighth edition of arthNITI. The government has projected the Indian economy to grow by 9.5% in FY’22.

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