Can India reach double-digit growth?

India will witness close to double-digit economic growth this financial year (FY22), which would be the highest among the major economies of the world, Finance Minister Nirmala Sitharaman has said. She said the growth of any country post-pandemic cannot be compared with the pre-pandemic period.

What is double-digit economic growth?

This extended memorandum identifies episodes of sustained double-digit growth in real GDP, defined as a compound annual growth rate of 10 percent or more over a period of 8 years or longer.

Is an 8 percent growth rate sustainable for India?

India’s growth trajectory should ideally remain between 8-10 percent growth to reach pre-pandemic levels, The Times of India (TOI) reported, citing experts.

Will there be a 7.5-8.5 growth for 10 yrs FM?

NEW DELHI : Indian economy is set to grow at near double digit in the current financial year and then will go on to sustain growth in the range of 7.5-8.5\% for the next decade given India’s investment attractiveness and demographic dividend, finance minister Nirmala Sitharaman said in Boston on late Tuesday.

Which sector has been double digit growth in India in the last decade?

The service sector
Notes: The service sector contributes the largest to GDP. It has seen double-digit growth in the last decade.

What is meaning of double-digit?

Definition of double digits : a number or percentage that is 10 or greater They won the game by double digits.

What is double-digit profit?

double-digit in British English (ˈdʌbəlˌdɪdʒɪt) adjective. denoting a percentage greater than ten. Australia had 15 years of double-digit inflation. a double-digit increase in profits.

Which sector has seen double digit growth in India?

NEW DELHI: The country’s economy grew by 8.4\% in the July-September quarter, broadly in line with expectations, led by a steady farm sector and double-digit expansion in public administration, defence and other services as the impact of the base effect waned and weighed on the overall numbers.