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CEA V Anantha Nageswaran says India will sustain positive growth despite global challenges, with reforms boosting GDP.
CEA Nageswaran
The Chief Economic Advisor (CEA) of India V Anantha Nageswaran, believes that India is likely to deal with global headwinds positively. His comments suggesting India to see positive growth instead of negative despite global tariff and geopolitical uncertainties persist came at an AIMA event on Wednesday, September 10, according to a CNBC TV-18 report.
CEA also said India isn’t mulling to create an alternative currency to the US dollar, and not part of this kind of international initiative.
India’s real GDP expanded by 7.8% in the first quarter of FY26, driven by strong economic activity rather than just lower inflation, he noted. Early Q2 indicators for July and August also point to sustained momentum, reinforcing expectations of robust growth.
He highlighted that India continues to stand out as the only G20 economy to maintain steady growth over the past four years since the pandemic. Structural reforms introduced over the last decade — spanning digital and physical infrastructure, and the formalisation of SMEs — are now translating into visible gains in both growth and employment.
Among the transformative policy steps, he cited the Insolvency and Bankruptcy Code, GST rollout, the Real Estate Regulation Act, consolidation of public sector banks, along with recent tax process changes and GST rate rationalisation. Together, these have significantly improved the ease of doing business in the country, he said.
Fitch Ratings Increases India’s Growth Outlook For FY26
India’s projected growth outlook for FY26 has been upgraded to 6.9 per cent from 6.5 per cent earlier by Fitch Ratings on account of strong domestic demand and supportive financial conditions. According to Moneycontrol report, it came following the unexpected 7.8 per cent India’s GDP growth in the first quarter of FY2025-26, beating the previous quarter growth of 7.4 per cent.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
September 10, 2025, 13:23 IST
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