Our economy will grow at 10% in 2021-22 in real terms: NITI Aayog

India's economy will grow at 10 per cent in real terms and by the end of next year it will reach pre-Covid-19 level, NITI Aayog Vice-Chairman Rajiv Kumar said

Topics
NITI Aayog Vice Chairman | Rajiv Kumar NITI Aayog | Economic recovery

ANI  |  General News 

Rajiv Kumar
NITI Aayog Vice-Chairman Rajiv Kumar

India's economy will grow at 10 per cent in real terms and by the end of next year it will reach pre-COVID-19 level, NITI Aayog Vice-Chairman Rajiv Kumar said here on Thursday.

Asked about COVID-19 and its effect on the country's economy, Kumar told ANI, "Our economy will grow at 10 per cent in 2021-22 in real terms. By the end of next year, we will reach the pre-COVID level. Growth will be in positive figures in the fourth quarter of 2020-21."

Talking about the farmers' protest against the three agriculture laws, the said the government is trying its best to get their understanding and that they are not misguided and their doubts are cleared. "The government is committed and has always been towards increasing farmers' income and for the betterment of their lives," he said.

On the Kerala Assembly resolution against Centre's farm laws, he said, "I think this protest is going on for the sake of protest. These laws have been in discussion for decades and many times those who are in Opposition now have supported them. They should understand its objective. They should not oppose it for the sake of being in opposition because it is misleading the farmers. This type of resolution is not in the interest of the country and farmers."

"To farmers, I say with confidence and trust that the government is only concerned about how to better the lives of farmers and how to increase their income. These laws have been supported in the past by those who are in Opposition now. Also, the government is now ready to discuss all their issues. The government is ready to clear any apprehension of the farmers. I hope that farmers will understand."

Regarding the fight against COVID-19 and when will the country overcome the challenges, Kumar said, "I wish everyone a happy new year. This wish will be in a true sense because as you have seen our vaccine is on the verge of the rollout. It is approved in England. It is manufactured in Pune's Serum Institute and I have read recently that they have prepared 5 crore doses and I feel that we will overcome challenges posed by coronavirus.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on NITI Aayog Vice Chairman
First Published: Thu, December 31 2020. 19:25 IST
RECOMMENDED FOR YOU