New Delhi - India economy looks set to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser V Anantha Nageswaran said on Tuesday.

The government has already said it expects the world's fifth-largest economy to grow at more than 7% this fiscal year, after it expanded by 13.5% in the April-to-June quarter, the fastest pace in a year.

While international agencies are showing our trend growth at 6%, I feel the trend growth will easily be 7% per annum for the remainder of this decade and beyond," said V. Anantha Nageshwaran

Nageswaran acknowledged that growth projections had come off those made at the start of 2022, to over 7 percent for the current financial year. The central bank expects 7.2 percent grow in this financial year ending March 31.

Nageswaran's views contradict recent remarks made by Bibek Debroy, the head of the prime minister’s economic council. In a September 6 interview, he said that growth of over 6.5 percent in the next five years would be a surprise.