As per the advance estimates of the National Statistical Office (NSO), India’s economy is expected to record a growth of 9.2 per cent during this fiscal—a bit lower than 9.5 per cent projected by the Reserve Bank of India.
The impact of virus on the economy was relatively lesser during this fiscal as the lockdowns were local in nature and did not cause large-scale disruption to economic activity, a news agency reported.
The last Economic Survey had said growth will be supported by supply-side push from reforms and easing of regulations, push for infrastructural investments, boost to manufacturing sector through the production-linked incentive schemes, recovery of pent-up demand, increase in discretionary consumption subsequent to rollout of vaccines and pick up in credit given adequate liquidity and low interest rates.
ALCHEMPro News Desk (DS)
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