The government of India still shows confidence in the 6.5 percent economic growth of the current fiscal of the country. They seem to deny the facts that may concern economic growth shortly. The chances of food inflation and the low rates of rain during August may cause issues in economic growth.
When Chief Economic Adviser V Anantha Nageswaran was asked if the government has plans to revisit its Growth forecast he said,
“At the moment, we are comfortable with 6.5 percent and we don’t see downside risks arising. In May, we did say that the risks are evenly distributed on both sides of 6 percent and 6.5 percent whereas in January, when we wrote the Economic Survey, we said 6.5 percent, but downside risks dominated. But we upgraded it to say that both downside and upside risks are symmetric”.
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