India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

 New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of augmenting the physical infrastructure or achieving financial inclusion.

The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year. But Mr Nageswaran said, while addressing at an event here that the complex challenge of balancing robust economic growth with the urgent need for environmental sustainability. He also shared some of the current strategies and steps and urged for a collaborative approach.

Emphasising the investment areas, he said, "We all know about the issue of intermittency. The investment shouldn't focus on setting up solar power plants or wind energy plants as we need to take into consideration the increasing cost of recycling solar panel waste and wind turbine waste. That is an area to invest in."

"The other area to invest in is the area of grid capabilities and technologies which will be able to withstand the intermittency of supplies from these renewable energy sources," he said.