GDP may grow 9-11% in FY22, 7% in FY23: Bibek Debroy

12th November 2021, 2:24 pm

India’s economy is clearly on a sustainable recovery path but though growth drivers give confidence, recovery in certain sectors may come with a lag, said Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM). In an interview to Mint, Debroy spoke about the investment revival, vulnerable spots in the economy, impact of global events, and the clean-up in the system that brings efficiency in medium term but may entail a short-term price. Edited excerpts:

Commentators have focused a lot on what is happening on real growth in FY22. It is fairly obvious that real gross domestic product (GDP) growth in FY22 is going to be somewhere around 10%, perhaps a percentage point more or less, that is a band of 9-11%.

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