The CEA's statement comes after latest data showed that economic growth slowed to 4.4% in the third quarter of this fiscal, against 6.3% in the previous quarter, partly due to the adverse base effect. However, the National Statistical Office has retained its 7% growth forecast for the entire fiscal, with an implied growth rate of 5.1% for the fourth quarter. The latest Economic Survey has projected a growth rate of 6.5% for FY24.