More Stories

Informist, Wednesday, Oct. 29, 2025

 

Please click here to read all liners published on this story

--CEA: India's GDP may grow over 6.8% in FY26, close to 7.0% 
--CONTEXT: CEA Nageswaran's comments at Business Standard event 
--CEA: Fiscal metrics on track to meet FY26 fiscal gap aim 
--CEA:See India inflation rates converging with developed econs in coming yrs 
--CEA: Econ doing better than we feared few mos back 
--CEA: Need for stablecoin like currency in India is far less

 

MUMBAI – India's GDP may grow over 6.8% in 2025-26 (Apr-Mar), Chief Economic Adviser to the Government V. Anantha Nageswaran, who has projected a range of 6.3-6.8% for economic growth for FY26, said. "I wouldn't be surprised if there is a 7 before the decimal," Nageswaran added. 

 

Indian economy is doing better than what policymakers had feared a few months ago when India's top export destination, the US, first announced its plan to levy high tariffs on trading partners, according to the CEA. Currently, Indian goods are subject to over 50% tariff in the US. 

 

With a strong growth trajectory and continued low inflation, India is on track to become comparable with other developed economies, Nageswaran said. "If I may stick my long neck out, I can say that in the coming years we will see our inflation rates converge to that of the developed country rates," he said. "And, therefore, one of the important economic variables, which we are used to seeing depreciate every year at the rate of about 3% on average over the last 30 years, I don't think we should be expecting a similar pattern to prevail in the coming 5 to 10 years as well."

 

India's fiscal metrics are also on track for the government to meet the FY26 fiscal deficit target of 4.4% of GDP, Nageswaran said. "Apart from the disruption that is happening in the world of goods markets through tariffs, there is the phenomenon of stable coins, that is also going to be an important development in 2026," Nageswaran said. Considering India's strong digital public infrastructure and evolved fast payment system, there is far less need for cryptocurrency like stablecoin in India, the CEA added.  End

 

Reported by Krity Ambey and Sagar Sen

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.