Nearly double-digit GDP growth expected in FY22: PEA Sanjeev Sanyal

The economy is slowly getting back to normalcy as the number of Covid-19 cases is declining, he said

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Sanjeev Sanyal | India GDP growth

Sanjeev Sanyal

Sanjeev Sanyal

The Indian economy is likely to witness close to double-digit growth in the current fiscal year despite the second Covid-19 wave ravaging the country, Principal Economic Adviser (PEA) Sanjeev Sanyal (pictured) said on Wednesday.

The economy is slowly getting back to normalcy as the number of Covid-19 cases is declining, he said while participating in India Global Forum event.

“We are probably going to see close to double-digit, if not double-digit (growth) in this financial year,” he said.

The growth will be bolstered by a slew of structural reforms undertaken by the government to address supply side constraints and opening more and more sectors for foreign investment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, June 30 2021. 23:14 IST