Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Sat, 11 Jun 2022 03:25 PM IST
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During an event in Gurugram, Haryana on Saturday, Chief Economic Advisor (CEA) Anant Nageswaran said that India is making an exemplary comeback from the outbreak of COVID-19. Every parameter and activity of the economy has crossed the pre-corona level. He said that by 2027, we will become a country with a GDP of five trillion dollars.
Nageswaran was speaking on the topic ‘Indian Economy: Prospectus, Challenge and Action Point’ at the Haryana Institute of Public Administration here. He said that to recover from Corona, the government took many positive steps at the policy level, in which the Reserve Bank of India gave its full support. The Chief Advisor said that the Indian economy is stronger in every way than other developed and developing countries of the world. He said that the developed world is moving from low inflation to high inflation and at such times we have been able to keep inflationary pressures under control.
The CEA expressed hope that according to the estimates of the International Monetary Fund (IMF), India will become a country with a GDP of five trillion dollars by the year 2027. Nageswaran said that today, we have a strong revival of private investment and the country has target foreign exchange reserves. The increase in the number of digital payments in India during the last few years is an indication that the country is changing rapidly.