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Economy seen growing in double-digits in FY22: CEA


India will grow in double-digits this year (FY22) and 6.5-7 per cent next year, with growth thereafter accelerating over seven per cent, said outgoing Chief Economic Advisor, Mr K. V. Subramanian, while receiving the Distinguished Alumnus Award from the Indian Institute of Management-Calcutta. He does not expect commodity inflation to taper the V-shaped recovery going forward. He said inflation in India is 4.5 per cent while global inflation is high due to policies that have only focused on demand, in contrast to India’s policies that are focused on enhancing supply, said a report.

 

Source: Exim News Service: Kolkata, Nov. 24

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