“India’s economy will grow by 6.7% every year till 2026-27” says Vishruth Ranaa

Economist Vishruth Rana says India’s economy will grow by 6.7% every year till 2026-27 as people in India buy goods. But in 2022-23, it will grow to only 6% due to some issues in trading. Rana said this in an online meeting. Rana said some factors are responsible for the slowdown in the economy compared to last year. In other countries the economy is not doing well, people are not spending much money and it is difficult for the government to borrow money. Because of these things, the economy is expected to grow only 6.7% in the next few years FY 26-27. The economy is expected to grow by only 6% this year. Rana believes that the economy grows because people spend money. The Reserve Bank of India has also projected economic growth this year. Rana, an expert, said that a lot of money is being invested in the economy and this is a good thing. He said that commodity prices are not rising too fast, so there is no need for the government to cut interest rates immediately. They may wait until 2024 to do it. The government wants to keep prices stable, at present they are at a good level. Recently, a large company S&P Global claimed to have the fastest growing economy in Asia, which means it is doing really well.