New Delhi, November 30: The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday. He said the economic recovery momentum is continuing and the GDP is averaging the 2019-20 level.

"In 2022-23, the economy is on track to reach a 6.8-7 per cent growth in the current fiscal," he said, adding festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds. India's GDP Grows at 6.3% in July-September Quarter 2022-23.

The IMF has projected Indian economy to grow at 6.8 per cent this fiscal, while the RBI has pegged it at 7 per cent. India's Economic Growth Slips to 6.3% in Q2, Dragged Down by Manufacturing, Mining Sectors.

India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, as against 8.4 per cent in the same period 2021-22. India's economy grew by 9.7 per cent growth in the first half (April-September) of this fiscal.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)