India will clock 7 per cent growth this decade: CEA Subramanian

Washington: This decade will be India’s decade of inclusive growth during which it will clock over 7 per cent annual growth on the back of strong economic fundamentals, Chief Economic Adviser K V Subramanian has said, highlighting the country’s reform process and its ability to convert the crisis into an opportunity that helped it to stand out from the rest of the world.

Exuding confidence over India’s economic potential, Subramanian told an American audience from the corporate sector that “the fundamentals of the economy were strong, even before the pandemic. There were only financial problems.” Mark my words, this decade will be India’s decade of inclusive growth. In FY’23, we expect growth to be between 6.5 to 7 per cent and then accelerating further as the impact of these reforms is seen,” he said while addressing a virtual event organised by the US-India Strategic Partnership Forum (USISPF) on Wednesday.