NEW DELHI, Oct 15: Niti Aayog Vice Chairman Rajiv Kumar has said, the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7 per cent this fiscal and 7.5 per cent in 2018-19. 

In an interview to news agency PTI, Mr Kumar said, by first quarter of 2018, there will be a stronger recovery which will continue on much more sustained basis. He said, fiscal 2018-19 will be the much better year than fiscal 2017-18. 

The Niti Aayog vice chairman said the country did very well from 2007-13 and the downward cycle started in 2013-14, mainly because of splurge in lending to undeserving projects since 2007.

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
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