New Delhi: Head of Economic Advisor Krishnamurthy Subramanian on Tuesday showed that the Indian economy could grow at a two-digit level, by maintaining that the withdrawal of stimulus in some countries may not have a significant impact, given that the economic fundamentals of Indian macroeconomics are strong.
“Growth will be higher than the pre-covid level.
Prediction in the economic and budget surveys must be achieved, based on the trend of the first quarter.
The budget estimate must be correct.
The level (economic activity) must return next year, but we need to analyze data,” economist said The government told reporters.
The economic survey has projected 11% GDP growth during the year, while the budget estimates at the age of 10.5%.
Asked whether the growth of 20.1% was estimated during the April-June quarter was in the story of a sharp contraction in the economy last year when a national locking had been put in place, Krishnamurthy said: “Of course there are basic effects.
At the same time, this has happened during The second wave is far more intense, which is far more intense than a health perspective.
There are all repair boards as seen in many high frequency indicators.
“After the first quarter number was released a year ago, Krishnamurthy suggested that V-shaped recovery will take place.
He underlines that the economic fundamentals remain strong that will help the weather the storm is better when the global central bank sucks liquidity from the system, amid increasing inflation in many countries.