7.5% growth in next fiscal likely: Advisory panel

New Delhi, November 18

Members of the Economic Advisory Council to the Prime Minister (EAC-PM) are optimistic about the growth prospects for the next financial year as contact-intensive sectors and construction should recover in 2022-23, stated an official news release after it met here on Thursday.

The members were confident that once capacity utilisation improves, private investments should also recover. They, therefore, felt a real rate of growth of seven to 7.5 per cent in 2022-23 was likely. They unanimously agreed that the Budget for the current fiscal was well taken in all spheres especially due to its reform measures, as well as transparency and realism in numbers and wanted these aspects to be carried forward into the next Budget too. — TNS