<p>India's macroeconomic fundamentals are much stronger, and the country is all set for robust growth on the back of structural reforms, the government's capex push and rapid vaccination, Chief Economic Advisor K V Subramanian said on Tuesday.</p>.<p>Briefing media on the growth number, he said the GDP data for the first quarter reaffirms the government's prediction of an imminent V-shaped recovery made last year.</p>.<p>India's economic growth surged to 20.1 per cent in the April-June quarter of this fiscal, helped by a low base in the year-ago period, amid a devastating second wave of the Covid-19.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/centres-fiscal-deficit-touch-213-of-annual-target-at-june-end-1025516.html" target="_blank">Centre's fiscal deficit touch 21.3% of annual target at June-end</a></strong></p>.<p>The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO) on Tuesday.</p>.<p>On the inflation, he said it has witnessed a moderation in July compared to the previous month.</p>.<p>"Our expectation is that the inflation in the next few months should be within that range, between 5-6 per cent, but less than 6 per cent" despite hardening global commodity prices, he said.</p>
<p>India's macroeconomic fundamentals are much stronger, and the country is all set for robust growth on the back of structural reforms, the government's capex push and rapid vaccination, Chief Economic Advisor K V Subramanian said on Tuesday.</p>.<p>Briefing media on the growth number, he said the GDP data for the first quarter reaffirms the government's prediction of an imminent V-shaped recovery made last year.</p>.<p>India's economic growth surged to 20.1 per cent in the April-June quarter of this fiscal, helped by a low base in the year-ago period, amid a devastating second wave of the Covid-19.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/centres-fiscal-deficit-touch-213-of-annual-target-at-june-end-1025516.html" target="_blank">Centre's fiscal deficit touch 21.3% of annual target at June-end</a></strong></p>.<p>The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO) on Tuesday.</p>.<p>On the inflation, he said it has witnessed a moderation in July compared to the previous month.</p>.<p>"Our expectation is that the inflation in the next few months should be within that range, between 5-6 per cent, but less than 6 per cent" despite hardening global commodity prices, he said.</p>