New Delhi: Amidst the wind of recession in the country, the giants associated with the entire economy of the country and the world are giving their estimates for the country's growth rate. Amidst all this, Bibek Debroy, chairman of the Prime Minister's Economic Advisory Council (PMEAC), has hoped to improve the country's economic health. He said that even though the growth rate of GDP has come down to 5 percent in the April-June period, it is expected to improve in the coming quarters.
Debroy said that the growth rate will be higher in the second half than the first half of the current financial year. With this, the GDP growth rate is estimated to be 6.5 percent for this whole year and seven percent in the next financial year. The PMEAC chairman said that those who are creating an atmosphere of despair are doing a lot of damage. Constructive criticism and suggestions are welcome. In such a situation, messages of anxiety and despair should be avoided.
Reacting to the GDP figures for the first quarter of the current financial year, he said, "Negative things are being spread about the economy. It is true that net exports alone cannot afford the task of increasing India's growth rate prominently due to global uncertainty. Despite this, the country's growth rate is estimated to be 6.5 to 7 percent in the financial year 2019-20. He said that the government is fully prepared to deal with the situation.
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