India’s Potential Growth Rate Increased to 7%, Axis Says
Shoppers at the Dadar market in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s economy can grow at 7% without triggering an inflation spiral, Axis Bank Ltd. estimated, as investment in the country increases.
The projection for the economy’s potential growth rate is based on higher capital investment in the real estate and private sector, Neelkanth Mishra, chief economist of Axis Bank, said at a briefing on Monday in Mumbai. These segments of the economy slowed down during the 2012-2019 period.