Monday, August 8

Economy on course to achieve 8-8.5% growth based on Q1 data: FinMin

Finance ministry on Tuesday said that the economy is on course to achieve projected 8-8.5 per cent growth based on high-frequency indicators for the first quarter of the current fiscal.

The Economic Survey tabled in the Parliament on January 31, 2022 projected the real GDP during 2022-23 to grow at 8.0-8.5 per cent.

“Since then, sustained growth momentum has been observed in several High Frequency Indicators (HFIs), indicating that the projected growth path is on course in the first quarter of FY 2022-23,” minister of state for finance Pankaj Chaudhary said in a written reply to Rajya Sabha.

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