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Indian Economy to Grow Steadily in Auto-Pilot Mode

The Indian economy is now on “auto-pilot” mode and will grow steadily in the range of 6.5% to 7% from this year till 2030, even without further reforms, Chief Economic Adviser (C...

Indian Economy to Grow Steadily in Auto-Pilot Mode
Draw an image in comic and vorticist style. Category is Business and Title of the image is Indian Economy to Grow Steadily in Auto-Pilot Mode

According to India’s Chief Economic Adviser, the Indian economy is expected to grow steadily between 6.5% to 7% from this year until 2030, without further reforms. This is due to the country being on “auto-pilot” mode, aided by initiatives such as the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC). The CEA further stated that macroeconomic stability has been achieved, and advised that infrastructure investments be prioritized to further bolster the economy. The prediction is seen as optimistic, but experts have pointed out challenges such as rising inflation and global economic conditions.

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