Categories: Business

India may post 6 percent growth next fiscal says Niti Aayog VC

Photo: PTI (FILE)

Niti Aayog VC on economy

new Delhi. NITI Aayog vice-chairman Rajiv Kumar said on Friday that the Indian economy will start fully recovering from the fourth quarter of the current financial year and may grow by 6 percent in the next financial year. He said that improvements are being seen in many areas and businesses in them have come to the pre-Kovid-19 level. Kumar also hoped that the Kovid-19 epidemic in the metros would begin to decline and their economic activity would return to normal in the coming quarter. "I expect the economy to start recovering from the fourth quarter onwards and positive growth," he said in the Twitter live session. And it will increase by 6 percent from the next financial year. "

The Deputy Chairman of NITI Aayog said that there are signs of recovery in many areas. He said, "If you notice, in 15-16 areas, Kovid has come down to the pre-level level." "The boom was returning in the fourth quarter of the year." There was a significant negative impact. "Kumar said," and the fall that occurred, could not be reversed due to Kovid-19. "

Quoting Finance Minister Nirmala Sitharaman, he said that there is always a possibility of another stimulus package from the government to increase the demand. Kumar said, "The government can look at offering stimulus packages to accelerate investment and increase demand." On the question related to the challenges facing India after Kovid-19, Kumar said that the country needed structural reforms Have to be implemented to ensure that the recovery is as fast and sustainable as possible. He said that apart from this, India will have to work with other countries of the world to bring about necessary changes in some global institutions and regulations. The reason for this is that some of those bodies and regulations are no longer as effective. Kumar said that India will have to make alliances on the technology front as the fluctuations on the technology front after Kovid-19 could have an unintended impact on many countries.

This post was published on July 24, 2020 10:20 pm

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