Economy to develop 7-7.5% subsequent fiscal 12 months: EAC-PM

The financial system is prone to develop 7-7.5 per cent within the subsequent fiscal 12 months, the Economic Advisory Council to the Prime Minister (EAC-PM) mentioned on Thursday, whereas observing that contact intensive sectors and development ought to recuperate in 2022-23.
“Looking beyond the current year, 2021-22, EAC-PM members were optimistic about real and nominal growth prospects in 2022-23. Other than an element of the base effect, the contact intensive sectors and construction should recover in 2022-23,” it mentioned.
A gathering of the EAC-PM was held in Delhi Thursday.
with PTI