Categories: Economy

EAC-PM projected India’s GDP growth at 7.0-7.5% in FY23

The meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) members was held in New Delhi to examine the Indian economic growth in 2022-23 (FY23) and further. There, EAC-PM members projected India’s real Gross Domestic Product (GDP) to 7-7.5% and a nominal rate of growth of more than 11% in FY23. They also projected growth of 5% in the current fiscal year (FY22) from a record contraction of 7.3% (-7.3%) in FY21.

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About EAC-PM:

Chairman: Bibek Debroy
Part-Time Members: Rakesh Mohan, Poonam Gupta, T.T. Ram Mohan, Sajid Chenoy, Neelkanth Mishra, and Nilesh Shah

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.