Indian economy to grow at 10 pc in FY 2021-22 in ‘real terms’, says NITI Aayog Vice Chairman

NITI Aayog Vice Chairman Rajiv Kumar said on Thursday that the Indian economy will grow at the rate of 10 per cent in 2021-22 in real terms, while the growth would be in positive figures by the fourth quarter of 2020-21.The GDP had rebounded to -7.5% in Q2 from the record slump of 23.9 in the April-June quarter due to the nationwide lockdown enforced to contain the spread of novel coronavirus.

The electricity, gas, water supply and other utility services have shown a growth of 4.4 per cent in Q2; agriculture, forestry and fishing sector at 3.4 per cent and manufacturing sector showed a marginal growth of 0.6 per cent.
Kumar also said the government is ready to clear any apprehensions of the farmers and committed towards the betterment of their lives. He also added that, “To farmers I say with confidence and trust that the government is only concerned about how to better the lives of farmers and how to increase their income. These laws have been supported in the past by those who are in opposition now. Also, the government is now ready to discuss all the issues. The government is ready to clear any apprehensions of the farmers. I hope that farmers will understand.”

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