News > India capable of 9% growth, but need to settle for 7% due to geopolitics: economic advisory member

India capable of 9% growth, but need to settle for 7% due to geopolitics: economic advisory member

 "It is a very turbulent time and we are generating a 7 per cent growth rate already. Nothing to sniff at. But if we get an open road, this economic machinery that we have built is capable of generating a 9 per cent growth rate," Sanyal said at the Times Now Summit 2022. The International Monetary Fund (IMF) forecast global growth to slow from 6 per cent in 2021 to 3.2 per cent in 2022 and 2.7 per cent in 2023.