25-April-2024
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India can end up with five per cent real GDP growth this fiscal : Bibek Debroy
25-Jan-2020

India can end up with a real GDP growth of five per cent this financial year excluding the inflation rate, Bibek Debroy, the chairman of PM's Economic Advisory Council said on Friday. In the present scenario achieving a nine per cent GDP growth will be difficult, he said at the Tata Steel Kolkata Literary Meet here. "The aspirational growth rate could be between 6.5 per cent to 7 per cent. At this stage it will be difficult to attain nine per cent GDP growth," he said. "This year the growth rate will end at five per cent and this is real and not nominal ... Next year, the GDP growth rate could be anything between 6 to 6.5 per cent," he said.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/india-can-end-up-with-five-per-cent-real-gdp-growth-this-fiscal-bibek-debroy/articleshow/73584986.cms