Chief Economic Advisor (CEA) Anantha Nageswaran says " India
has shown exemplary resilience in recovery from the pandemic, All major
activities and parameters of economy have crossed their pre-covid levels, and
is now enjoying a macroeconomic tailwind a." Precise policies and quick
implementation by the Government and support by the RBI have fastened the
recovery. Indian economy is for and stable in various fundamentals , the
developed world is moving from low inflation to high inflation and it is in
such times that we have managed to keep inflationary pressure under check,
India has a hopeful future ahead, as it is heading towards a GDP of USD 5
trillion by 2027(as per IMF projections) , he added.
Today India has a Strong revival of private
investment, and a comfortable forex reserves to withstand turbulence in the
international currency market. The exponential growth of digital payments in
India during the last few years is an indication enough of fast changes in the
informal sector," Nageswaran added.
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