India needs to grow 8-10% to reach pre-pandemic levels
The Indian economy might be able to reach the pre-pandemic level if it grows in 8-10% range as several high frequency indicators have reached the pre-pandemic levels, experts have said. The RBI expects the economy to grow by 9.5% in the current fiscal. IMF on Wednesday slashed India’s GDP growth estimate for FY22 to 9.5% from its earlier projection of 12.5%.
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The Indian economy might be able to reach the pre-pandemic level if it grows in 8-10% range as several high frequency indicators have reached the pre-pandemic levels, experts have said. The RBI expects the economy to grow by 9.5% in the current fiscal. IMF on Wednesday slashed India’s GDP growth estimate for FY22 to 9.5% from its earlier projection of 12.5%.
