https://sputniknews.in/20251107/indian-economy-to-surge-past-68-in-2025-2026-fiscal-year-chief-economic-advisor-10028407.html
Indian Economy to Surge Past 6.8% in 2025-2026 Fiscal Year: Chief Economic Advisor
Indian Economy to Surge Past 6.8% in 2025-2026 Fiscal Year: Chief Economic Advisor
Sputnik India
India is the fastest-growing major economy on the planet, aided by an expanding middle class, which is responsible for exponential consumption in sectors like... 07.11.2025, Sputnik India
2025-11-07T18:15+0530
2025-11-07T18:15+0530
2025-11-07T18:15+0530
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India's Chief Economic Advisor (CEA), V Anantha Nageswaran, on Friday underlined that the Indian economy was set to surpass growth projections for FY25-26, with the rate expected to be above 6.8%.It is worth highlighting that the International Monetary Fund (IMF) has projected India to grow at a rate of 6.6% in the current fiscal year.However, a strong first quarter performance, where the South Asian country registered a growth rate of 7.8% this year, has shot up expectations.Interestingly, India's stellar economic growth comes amid a tense trade war with the United States, with the latter imposing severe 50% tariffs, including 25% punitive levies for New Delhi's oil commerce with Moscow.Furthermore, a bilateral trade pact with Washington hangs in the balance, with both sides engaged in protracted talks over the issue.In that context, Nageswaran emphasised that the country's growth prospects could get another boost if global trade issues were resolved sooner rather than later.
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Indian Economy to Surge Past 6.8% in 2025-2026 Fiscal Year: Chief Economic Advisor
India is the fastest-growing major economy on the planet, aided by an expanding middle class, which is responsible for exponential consumption in sectors like automobiles, housing and consumer goods.
India's Chief Economic Advisor (CEA), V Anantha Nageswaran, on Friday underlined that the Indian economy was set to surpass growth projections for FY25-26, with the rate expected to be above 6.8%.
"Now, I think there is a lot of comfort in saying it will definitely be to the north of 6.5% and I am more comfortable saying even north of 6.8%," Nageswaran stated at the CNBC-TV18 Global Leadership Summit 2025.
It is worth highlighting that the International Monetary Fund (IMF) has projected India to grow at a rate of 6.6% in the current fiscal year.
However, a strong first quarter performance, where the South Asian country registered a growth rate of 7.8% this year, has shot up expectations.
Interestingly, India's stellar economic growth comes amid a tense trade war with the United States, with the latter imposing severe 50% tariffs, including 25%
punitive levies for New Delhi's oil commerce with Moscow.
Furthermore, a bilateral trade pact with Washington hangs in the balance, with both sides engaged in protracted talks over the issue.
In that context, Nageswaran emphasised that the country's growth prospects could get another boost if global trade issues were resolved sooner rather than later.
"In fact, by some chance, as we are still hoping there is a resolution on the trade front and upward buyers will become a mainstream forecast," he concluded.
