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No prospects of recession in India

New Delhi: India will nonetheless develop at 6-7 per cent within the subsequent 2023-24 fiscal even because the economic system could also be affected by unsure international circumstances, former NITI Aayog vice-chairman Rajiv Kumar mentioned amid rising fears of the world slipping right into a recession.

Kumar additional mentioned there’s a synchronized downturn within the US, Europe, Japan and in addition in China and that would take the worldwide economic system right into a recession within the coming months.

“Fortunately, there isn’t any such prospect of recession in India, as a result of though our progress could also be negatively affected by the worldwide circumstances, we’ll nonetheless handle to develop at 6-7 per cent in 2023-24,” he advised in an interview.

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