In FY 207, India's economic growth will be 7.5-7 per cent

(PTI) Mumbai, Ta. 13

The Indian economy will achieve a growth rate of 7.5 per cent to 7 per cent from FY20, Chief Economic Adviser Krishnamurthy Subramaniam said in a statement. He said the Indian economy would grow at a rate of 7.5 to 9 per cent due to the government's massive economic reforms and the Covid-12 vaccination campaign.

In a virtual program, Subramaniam said that due to the economic reforms and vaccination drive by the government, the growth rate of the Indian economy will be between 7.5 per cent and 7 per cent from FY 203 onwards and will continue to grow thereafter. The Government of India has undertaken some significant economic reforms in the last one and a half years.

However, he said the second wave of Corona has adversely affected economic growth in the fourth quarter of FY2021-21 and in the last six months. However he said Corona's second wave was more dangerous in terms of health than economic.

"According to our estimates, the impact on the economy of the second wave of Corona will not be as adverse as the first wave," he said.