Published on 13/10/2021 2:11:14 PM | Source: Accord Fintech

India looking at near close to double-digit growth this year: Finance Minister

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Predicting the economic growth next year to be in the range of 7.5-8.5 percent, which will be sustained for the next decade, Finance Minister Nirmala Sitharaman has said that India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies.

Finance Minister noted that while the Ministry of Finance has not done any assessment as yet about the growth number, but the World Bank, IMF, and rating agencies have all come nearer to this kind of growth number for India. She added that some other countries in the emerging market areas will also record high growth rates.

Sitharaman also said 'The developed world will also catch up… because their base is very high. So, the growth that they can show off will not be closer to double-digit but certainly will be also adding to the global growth.' She sees ''different picture in different regions'.

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