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CEA Estimates the Indian Economy to Grow 7- 8.5%

Published on May 05, 2022
Current Context: Chief Economic Advisor in a recent meeting projected the Indian economy to grow at 7 -8.5%.
CEA Estimates the Indian Economy to Grow 7- 8.5%
  • The Chief Economic Advisor Dr. V Anantha Nageswaran, in a recent meeting with the credit agencies, forecasted the Indian economy to grow at 7 to 8.5%. His observations are based on current developments in Europe (Ukraine Conflict), which has led to supply chain disruption and a rise in prices.
  • He also emphasized the CPI crossing the 6% threshold, breaching the inflation target. To contain inflation, the government's push to increase capital expenditure, is what he conceives right.
  • The projections by key institutions are as follows.

Institution/Publication

Projected growth rate for FY 2022 -23

IMF

8.2%

RBI

7.2%

Economic Survey

8 - 8.5%

Question:

Q.1 Who is India's Chief Economic Advisor?
a. Sanjeev Sanyal
b. V Anath Nageshwaran
c. K. Srikant
d. Urjit Patel
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