Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA

Recovery of economy is complete; non-banking and corporate sectors now have healthy balance sheets, hence, we don't have to speak of pandemic recovery any more, we have to look ahead to the next phase, said Chief Economic Advisor V Anantha Nageswaran. He added that leverage ratio in corporate sector went very sharply in first decade of millenium, second decade was thus a payback time, excessive credit growth had to be adjusted for in second decade, balance sheets now have been repaired, and credit growth is picking up