GDP Growth to Be Back To 6-7% Levels by FY 24

Harsh Jain, Co-founder and COO, Groww The Economic Survey forecasts the GDP growth to be back to 6-7% levels by FY 24. The survey also predicts a GDP growth of 11% in FY 22 based on the economy's inherent strengths and low base effect.

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Published - Saturday, 30 Jan, 2021

Harsh Jain, Co-founder and COO, Groww The Economic Survey forecasts the GDP growth to be back to 6-7% levels by FY 24. The survey also predicts a GDP growth of 11% in FY 22 based on the economy's inherent strengths and low base effect. The survey has recommended expansionary fiscal policy, increased privatization measures for disinvestment, and lesser regulations in certain sectors. The survey recommended an asset quality review for banks when the Covid related relief measures announced by the RBI end. These are welcome steps, which if implemented, would undoubtedly give the much-needed boost to the economy.