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Date: 09/12/2024

Economy can grow by 7 pc in H2, says CEA

The Indian economy can grow by 7% in the second half of the current financial year going by the pick-up in economic activity, which could uplift the full-year growth rate to at least 6.5%, said the Chief Economic Advisor (CEA), Mr V. Anantha Nageswaran, while speaking at an  Assocham event. India Inc. had never so good profitability despite a challenging environment post-Covid. Now is the time for them to invest and create employment, he said. After the GDP growth of 5.4% in July-September year-on-year, the lowest in seven quarters, some analysts feared that in FY25 it may come in below 6.5%. H1FY25 growth has come in at 6%. The CEA said India should focus on domestic levers for boosting economic growth as global factors remain far from conducive. The world is entering an era of difficult goods export growth, he added, as per a report.
 
source: Exim News Service: New Delhi, Dec. 8



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