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Economy likely to grow by 9 per cent in next financial year: Credit Suisse

Economy likely to grow by 9 per cent in next financial year: Credit Suisse

In the current financial year, the GDP growth rate is estimated to be around 10.5 percent.

New Delhi:

India is on its way to become the fastest growing major economy in the world. In the year 2021, after the upheaval in the economy, it is being estimated that the next year is 2022. Indian Economy going to be very positive. According to the Swiss brokerage Credit Suisse, the activities in the Indian economy will be surprisingly positive and the economic growth rate is likely to be nine percent in the next financial year. The brokerage company has estimated the GDP (Gross Domestic Product) growth rate to be around 10.5 percent for the current financial year. This is higher than the average estimate of 8.4-9.5 per cent given by various agencies. Credit Suisse’s co-head of equity strategy affairs for Asia Pacific and India equity strategist Neelkanth Mishra said he expects an increase in the GDP forecast as the pace of economic revival has surprised.

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“Positive activities in the economy are expected to continue. While the revival is not yet comprehensive, most low-income jobs are likely to recover in the next three-six months. expresses. However, based on the statistical analysis of the available data and projections, India’s growth rate is estimated to be at 9 percent in 2022-23.

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(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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