India’s economic growth in next fiscal year to be in range of 7-7.5 per cent: Niti Ayog vice-chairman Arvind Panagariya

Niti Aayog vice-chairman Arvind Panagariya a day before the presentation of Union Budget 2017-18 expressed hope that economic growth in the next fiscal year would be in the range of 7-7.5 per cent.

“By nature, I am an optimist, so I would remain on the higher side of it. So, if you feel that this range is too wide, personally, I would narrow it down to 7-7.5 per cent and maybe on the higher side of it with higher probability,” Panagariya told CNBC-TV18.

His statement comes just after the Economic Survey that came out today. The pre-budget economic survey pegged India's economic growth for 2017-18 in the range of 6.75-7.5 per cent.

The Survey's GDP growth figure for the current fiscal is lower than 7.1 per cent the Central Statistics Office had forecast earlier this month.

With PTI Inputs