PM’s Advisory Body Sees 7.5% Growth in FY23

The economic advisory body to the PM has predicted India’s economy to grow 7-7.5 per cent in FY23 and asked for a clear map for privatisation and growth in the upcoming budget. It expects sectors like travel, hospitality and tourism to recover fastly.

“Members were confident about real and nominal growth in 2022-23. The contact-intensive areas and construction can recover in 2022-23,” the Economic Advisory Council to the Prime Minister told in a statement. The Reserve Bank of India (RBI) expects the economy to rise by 9.5 per cent in the current fiscal year.

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