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India can become world’s fastest growing economy: Economic Survey

According to India’s Economic Survey 2022, the country has fiscal space to do more to support the economy and has the legroom to boost spending to become the world’s fastest-growing economy overtaking China.

India’s Economic Survey presented by the government on Monday pegged growth for 2022-23 at 8-8.5 per cent and for 2021-22 at 9.2 per cent. India was the fourth-largest forex reserves holder in the world after China, Japan and Switzerland, it said.