Buoyed by the higher consumption post GST and interest rate cuts, pick up in private capex and meaningfully higher foreign direct investment (FDI) flows, India’s Chief Economic Advisor (CEA) V Anantha Nageswaran is comfortable in forecasting upwards of 6.8 per cent GDP growth in the current fiscal.

“I am now more comfortable looking at a number north of 6.8 per cent (GDP growth), my original number was at 6.3-6.8 per cent, and back in August we were all concerned about whether we could even go towards the lower end of the band,” the CEA said at a CNBC-TV 18 event.

“But now there is a lot of comfort in saying that it will be definitely north of 6.5 per cent, and I am more comfortable in saying even north of 6.8 per cent, but whether I will raise the estimate to 7 per cent, I would wait fo

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