Indian GDP at 6.1% in Q4: Chief Economic Advisor Nageswaran optimistic about growth

India’s Chief Economic Advisor V Anantha Nageswaran has said that he remains optimistic about the country’s economy after National Statistics Office (NSO) released India’s GDP projections for Q4 FY23 on Wednesday.

Talking to reporters, Nageswaran said that the Indian economy’s “soft landing” has already happened.

Also read: Know how India remains the fastest growing economy in world with GDP at 6.1% in Q4 FY23

“We are prepared to stick our neck out one more time and say that the risks to 6.5 percent (GDP growth forecast for 2023-24) are probably more evenly balanced – that is, there is as good a chance that this number may be exceeded as there is a chance that the reality may undershoot this number,” Nageswaran said.

Nageswaran had predicted a GDP growth of 6.5 per cent for 2023-24 at the 2022-23 Economic Survey tabled in the Parliament on January 31.

“We are seeing a strong recovery in rural demand,” said CEA V Anantha Nageswaran

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