Chief Economic Adviser V. Anant Nageswaran painted a vivid picture of India’s economic dominance on the horizon during Friday’s press interaction in New Delhi. Firmly stating the inevitability of India becoming the third biggest economy globally, he backed his claim with stellar growth estimates from the refreshed GDP series.
Anchored on 2022-23, projections indicate 7.8 percent real growth for FY26 Q3 and 7.6 percent for the year. India’s lead in G20 growth rates post-COVID exemplifies its recovery prowess.
Acknowledging external challenges like 2025’s adverse exchange rates, Nageswaran urged focus on internal drivers. Policies and reforms are aligned for enduring 7 percent real and 10-11 percent nominal expansion, free from inflation.
He spotlighted AI ecosystem evolution and trade deals as game-changers, fostering capital influx and currency steadiness. This will align dollar GDP valuations closer to India’s actual economic pulse.
Dr. Saurabh Garg from the Statistics Ministry validated the series’ precision, stating it reveals a fortified economy. The data’s implications are self-evident, promising sustained upward trajectory.
In a world of flux, India’s strategy blends caution with ambition, positioning it as a beacon of stability and growth for investors worldwide.