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Expressing optimism over growth of Indian economy, former Niti Aayog Vice Chairman Rajiv Kumar has said that the country is likely to clock 6 percent growth rate next fiscal (FY24) and it can persevere with a high growth rate because of several reforms undertaken during the last eight years by the government. He further said major risks going forward will emerge from a synchronized downturn in the North American and European economies. He said ‘These will have to be tackled through careful policy measures designed to support our export efforts and at the same time improve the flow of private investment both from domestic sources as well as from foreign sources’.

Regarding on high inflation, he said the Reserve Bank has said that it will ensure that inflation rate is brought under control. He noted ‘also a good winter crop will help in keeping the food prices low’. The RBI lowered the consumer price inflation (CPI) forecast to 6.5 per cent for the current fiscal from 6.7 per cent. India's retail inflation in January was 6.52 per cent.

On India's rising trade deficit with China, he suggested that New Delhi should re-engage with Beijing on finding greater market opportunities and access in the Chinese market. He highlighted that ‘There are several products which India can export more to China. That will require a considered re-engagement’. According to Kumar, it would be feasible for India to restrict imports from China because most imported products are quite essential imports.