{"id":189476,"date":"2024-12-06T04:31:01","date_gmt":"2024-12-06T04:31:01","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/06\/q2-gdp-may-be-revised-upwards-cea-nageswaran-times-of-india\/"},"modified":"2024-12-06T04:31:01","modified_gmt":"2024-12-06T04:31:01","slug":"q2-gdp-may-be-revised-upwards-cea-nageswaran-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/06\/q2-gdp-may-be-revised-upwards-cea-nageswaran-times-of-india\/","title":{"rendered":"Q2 GDP may be revised upwards: CEA Nageswaran – Times of India"},"content":{"rendered":"
\"Q2<\/div>


\n<\/p>\n

\n
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n
Chief economic advisor V Anantha Nageswaran (File photo)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n

NEW DELHI: Chief economic advisor V Anantha Nageswaran on Thursday said economic activity in some sectors has picked up pace during Oct-Nov and a GDP growth of 6.5-7% in the current fiscal is feasible.
He also said that the 5.4% Q2 GDP growth estimate could be revised upwards going forward, as current estimates are not seasonally adjusted.
\u201cI think in reacting to these numbers, I don\u2019t think we should throw the baby out with the bathwater. Because the underlying growth story still remains very much intact,\u201d Nageswaran said. India\u2019s economic growth slowed to a seven-quarter low of 5.4% in the July-Sept quarter, from 6.7% in the April-June quarter.
Nageswaran said the slowdown in GDP growth in the second quarter could be because of some \u201creligious observances\u201d in Sept and excess monsoon rainfall. It could also be because of other, more long-standing issues that are beginning to emerge. So explanations could be from mundane to more serious ones, he said, adding this is the first estimate for Q2 GDP growth. \u201cIt could be revised higher,\u201d he said.
He said that the Economic Survey had projected 6.5-7% for FY25. \u201cTo be able to hit 6.5% growth for the year as a whole, we need a 7% real GDP growth in the next two quarters of which, two months are already over in the third quarter. We are in the third month… I think it is doable if you look at some of these pickups that have happened in specific areas. So, I believe that a growth outcome in the range of 6.5-7% is feasible for the year,\u201d Nageswaran said at an Assocham event. The Indian economy<\/a> grew 8.2% in FY24.
RBI had projected growth to be 7.2% in the current fiscal, higher than the 6.5-7% projected in the finance ministry\u2019s Economic Survey.<\/div>\n<\/div>\n