New Delhi: Eminent economist Ashima Goyal on Sunday said India is likely to have one of the highest rates of growth in the world as there are gradual moves towards normalisation, even as stimulus and support for vulnerable sectors continue.
“India has come out of a very difficult time with good macroeconomic parameters. It is likely to have one of the highest rates of growth in the world, while inflation remains within the tolerance band,” she said.
Goyal is also a member of the Monetary Policy Committee (MPC) of the RBI. She said that there is gradual moves towards normalisation and with stimulus and support for vulnerable sectors continues, the financial sector is healthy.
The RBI has lowered the growth projection for the current financial year to 9.5 per cent, while the IMF has projected a growth of 9.5 per cent in 2021 and 8.5 per cent in the next year.