Blog Entry# 4721435
Posted: Sep 21 (07:49)
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NEW DELHI: After a sharp contraction this fiscal, India’s economy is likely to bounce back to grow by as much as 19% in nominal terms in FY22, albeit on a low base, as per finance ministry’s estimates.
The projection is a bit modest when compared with some estimates that the Fifteenth Finance Commission (FFC) has received from experts, the Commission's chairman NK Singh told Mint in an interview, citing a presentation made by Krishnamurthy Subramanian., chief economic advisor in the finance ministry.