ENA Economy 2024-07-23 11:11:54 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> India's economy has shown remarkable resilience and growth, even in the aftermath of the COVID-19 pandemic, according to ASSOCHAM President Sanjay Nayar.</span></p> <p><span style="font-size:14px">In a recent statement in pre-budget discussions, Nayar highlighted several positive economic indicators, including a stable GDP growth pattern and an uptick in manufacturing and agriculture sectors.</span></p> <p><span style="font-size:14px">Despite these positive signs, Nayar acknowledged some challenges facing the economy. He noted a slight decline in consumption patterns among lower-middle-income groups, attributing this to inflation and wealth loss during the pandemic.</span></p> <p><span style="font-size:14px">However, he emphasised that India remains an attractive destination for foreign investments.</span></p> <p><span style="font-size:14px">The ASSOCHAM President commended the government's efforts in managing the economy amid global challenges. He praised the government's performance, particularly considering the current geopolitical and geographic scenario.</span></p> <p><span style="font-size:14px">Looking ahead to the 2024 budget, Nayar emphasised the importance of continued infrastructure spending. He suggested that another couple of years of heightened spending on infrastructure is a good idea, indicating his belief in the long-term benefits of such investments for India's economic growth.</span></p> <p><span style="font-size:14px">This statement comes as India prepares for its upcoming budget announcement, with many eyes on the government's plans for economic growth and development.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38695 https://knnindia.co.in/news/newsdetails/economy/assocham-president-praises-indias-economic-growth-calls-for-continued-infrastructure-investment 2024-07-23 11:11:54 knnindia.co.in