The economic advisory body to the PM has predicted India’s economy to grow 7-7.5 per cent in FY23 and asked for a clear map for privatisation and growth in the upcoming budget. It expects sectors like travel, hospitality and tourism to recover fastly.

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“Members were confident about real and nominal growth in 2022-23. The contact-intensive areas and construction can recover in 2022-23,” the Economic Advisory Council to the Prime Minister told in a statement. The Reserve Bank of India (RBI) expects the economy to rise by 9.5 per cent in the current fiscal year.