India can sustain around 7% growth despite global concerns: Nilesh Shah
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- ✓India is likely to register around 7 per cent economic growth this year, Nilesh Shah said on Saturday.
- ✓Despite concerns over higher oil prices and deficient rainfall, the momentum looks good.
- ✓Shah noted, "I think our growth will be around 7% in the future." He also discussed managing UPI costs.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
India is projected to experience approximately 7% economic growth this year despite higher oil prices and deficient rainfall. Nilesh Shah, a member of the Prime Minister's Economic Advisory Council, expressed optimism about the economic momentum. The rising oil prices are a key concern as they could impact inflation and economic growth. Shah highlighted the importance of managing the Unified Payments Interface costs for maintaining effective financial services.
New Delhi: India is likely to register around 7 per cent economic growth this year, with the momentum in the second quarter looking good despite concerns over higher oil prices and deficient rainfall, Nilesh Shah, Member of the Prime Minister's Economic Advisory Council, said on Saturday.
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Economic Times
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