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In an interview with India Today, economist and former NITI Aayog Vice Chairman Professor Rajiv Kumar defended India's latest GDP growth figures against opposition criticisms.
Rejecting claims that growth benefits only the top tier, Kumar highlighted an 8-9% increase in employment-intensive exports alongside a 9.2% growth in manufacturing and 10% in services.
He noted a turnaround in private investment, with gross fixed capital formation rising by 11.8% and commercial bank credit surging.
Kumar remarked, "When you see a good thing, let's recognize a good thing," while underscoring that 7.8% GDP growth remains significant amid global headwinds.
He cautioned that emerging inflationary pressures in food and commodity sectors require vigilance to sustain expansion.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.indiatoday.in — the content belongs to India Today - World.
