INSUBCONTINENT EXCLUSIVE:
Chief economic adviser K V Subramanian has actually stated economy will see double digit growthAs financial growth during the September
quarter of the existing fiscal stood at 8.4 percent, chief financial adviser K V Subramanian on Tuesday said that the country will record
double-digit development in 2021-22
The double-digit growth will be boosted by growing demand and a robust banking sector, he added.Mr Subramanian likewise said that the
influential second generation reforms would help the nation grow over 7 per cent during this decade.Ministry of finance likewise stated in a
series of tweets that economy is likely to have double digit development in 2021-22
On financial deficit, the chief economic consultant stated that the budget estimate is most likely to be met.Government price quotes fiscal
deficit at 6.8 per cent of the gross domestic product (GDP) for the present financial year ending on March 31, 2022
Meanwhile the fiscal deficit for April-October period of 2021 was at 36 percent of budget estimates for 2021-22, according to official
information released earlier during the day
Mr Subramanian's comments have actually come at a time when S&P Global Ratings has actually kept growth forecast for India at 9.5 percent
for the current fiscal.Also while the September quarter growth stood at 8.4 percent, it was much lower than the 20.1 per cent growth
experienced in the June quarter of 2021-22.
