India can return to 7% GDP in FY28 on macro stability: CEA
India, June 6 -- Macro stability and supply measures can bring back India on a 7 per cent growth trajectory in FY28, Chief Economic Adviser V Anantha Nageswaran said on Friday, asserting that the growth is contingent on improvement in external conditions.
The Reserve Bank on Friday lowered its GDP forecast for FY27 to 6.6 per cent from the 6.9 per cent estimated in April, citing elevated energy and other commodity prices, as well as continued supply disruptions arising from the conflict in West Asia, which are likely to weigh on economic activity.
"We have no reason to second-guess them (Reserve Bank of India forecast) at this point, because there are both possibilities on the upside and on the downside with respect to the numbers that ...
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