Kolkata: India’s economy is expected to see a two-digit growth in 2021-22 and between 6.5-7 percent in the next financial year, the head of the Economic Advisor out K V Subramanian said on Sunday.
CEA said that he did not expect commodity inflation to be tapered by the recovery for the front.
“I hope India grows in a double digit this year (FY22) and 6.5-7 percent next year and more than seven percent and after growth increases more than seven percent,” said Subramanian PTI in an interview.
He was in town to receive a famous alumnus award from the Indian-Calcutta Institute of Management.
India’s growth projections have closed between 8.7 percent and 9.4 percent by the IMF and other institutions.
Subramanian said people often did not take into account the impact of substantial reforms carried out, even in 1991 reforms were carried out, 99 percent of people did not understand the implications.
“We have done seminal reforms that will actually feel advanced.” He said inflation was 4.5 percent and global inflation was high because global policy which only focused on demand contrasts with Indian policy which clearly focuses on increasing supply.
“When you focus on just increasing demand without inflation supply steps is what results.
India policy shows a clear difference with the global financial crisis when India only requires side steps without supply side interventions that we have double inflation and night hours Every month for one and a half years, “Subramanian said extracting the government at that time.