According to the Prime Minister's Economic Advisory Council (PMEAC), India's gross domestic product (GDP) growth is expected to slow down further to 8.2% in the current fiscal.
In an interview to CNBC-TV18, Shankar Acharya, ICRIER said, the PMEAC's estimate is a little optimistic and the GDP growth will be in the range of 7-8% this year. According to him, the economy is in a slowdown phase, and may worsen going forward.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
