NEW DELHI: India’s economic growth is expected to remain in the range 7-7.5 per cent in the next few years, the Economic Advisory Council to the Prime Minister (EAC-PM) said. The growth rate can be easily increased by 1 per cent by addressing structural problems through reforms, the council observed during its meeting on Friday. The Central Statistics Office (CSO) in its forecast pegged the growth at 7.2 per cent for 2018-19. The panel noted that the macro-economic fundamentals of the economy are sound but challenges remain, several of which are structural in nature. “While the prospect for world economic growth does not look very promising, particularly in advanced economies, there is sufficient amount of growth momentum in emerging markets. “India is not insulated from global developments, nevertheless, India’s growth expected to be in the 7-7.5 per cent range in the next few years,” it said.
Growth likely to be in 7-7.5% range: Economic Advisory Council-Prime Minister Narendra Modi
