Rajiv Kumar expects India's real GDP to grow by 6-7% in FY24

Amid growing fears of a global recession, NITI Aayog’s former vice chairman Rajiv Kumar has exuded confidence that India’s real GDP would grow in the range of six to seven per cent in 2023-24. There is a synchronised downturn in the United States (US), Europe, Japan and China and that could take the global economy into a recession. However, Kumar opined that there is no such prospect of recession in India. According to him, the rupee which is near its real value is much better for the economy than the appreciated rupee and depreciated rupee does not pose many downside risks.

1. https://economictimes.indiatimes.com/news/economy/policy/no-prospect-of-recession-in-india-economy-to-grow-6-7-pc-in-next-fiscal-rajiv-kumar/articleshow/95636781.cms
2. https://www.business-standard.com/article/economy-policy/no-prospect-of-recession-in-india-economy-to-grow-at-6-7-pc-rajiv-kumar-122112000251_1.html