India to clock GDP growth of 6.5% in FY'24

New Delhi: Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.

India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the yearago period.

"There is momentum in economic activity and it is not driven by price-related distortions. Therefore our projections are very comfortably placed at 6.5 per cent for the current financial year," he said.

Rising crude prices may warrant attention and geopolitical uncertainty with monetary tightening can pose growth challenges, he added. (PTI)