Record economic development has been noticed in India in the past six years. Chief Economic Adviser to the Union Ministry of Finance Dr V Ananth Nageswaran said today in Kolkata at an event at the Bharat Chamber of Commerce on the occasion of the body’s 125th foundation day.

Dr V Ananth Nageswaran said, according to an estimate of the IMF, the volume of the Indian economy will be 5 lakh crore US dollars in 2027-28. He said the GDP growth in the first quarter of this financial year is expected to be the same in the next quarter. The primary economic scenario of July and August is hinting that.

He said the MSME sector has experienced high growth throughout the past six years. The share of agriculture in GDP is also positive. Manufacturing contribution to GDP has experienced slow growth.