India On Way To Become Fastest Growing World Economy: Centre

The Economic Survey 2020-21, released in January this year, had projected GDP growth of 11 per cent during the current financial year ending March 2022.

Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest-growing major economy in the world, a finance ministry report said.

Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.

"Aatmanirbhar Bharat Mission encapsulating major structural reforms continues to play a critical role in shaping India''s economic recovery, both through the signalling of business opportunities and expansion of spending channels.

"Armed with necessary macro and micro growth drivers, the stage is set for India's investment cycle to kickstart and catalyse its recovery towards becoming the fastest growing economy in the world," the review said.