“Keep growth expectations between 6.3 6.8 % for the 26th year” CEA NAGSWARAN

The Indian economy may have registered the slower annual growth in four years by 6.5 % in the 25th fiscal year, but an increase of 7.4 % of the expected in the quarter of March indicates that the engine is still working strongly. The proportions of the Senior Economic Advisers against Annatha Nagsuran Flexibility to strong domestic demand and high private consumption, and now the highest share of GDP since the fiscal year.

“The economic momentum, which was chosen in the quarter of March, continued in April,” said Nageswaran, which strengthens optimism about a low -inflationary stable growth path. He added that as interest rates are reduced on the horizon, the foundation for low -developed inflation scenario is laid.

“We keep the growth expectations between 6.3-6.8 % for the 26th year,” Nageswaran said, adding that special consumption is well established.

CEA shed light on a series of signals that support optimistic expectations: constant capital goods imports, height of goods in infrastructure, and urban unemployment rate in decrease. He pointed out that “the urban employment rate decreases,” which confirms the improvements in the labor market.

Against the background of global uncertainty and the suggestions of slowing international growth in 2025 and 2026, India has witnessed a relatively smaller discounts. “While some countries face the risks of stagnation, India is witnessing a good growth activation environment,” said Nageswaran.

It is also expected that the government’s income -commissioning measures in the 2025 budget will feed the spending on consumers, especially in cities. He added: “The mitigation of the income tax will have a positive impact on the consumption of this finance, especially in the urban India.”

Speaking at the jump in Covid cases, CEA said it is not expected that the high cases of Covid-19 will lead to any problem (economically).

While GDP growth in India accelerated to 7.4 % in the last quarter of 2024-25, the total number of fiscal year amounting to 6.5 % minimum level in 4 years. In 2023-24, the GDP of India grew 9.2 percent impressive, and the main economy remains the fastest growing. According to official data, the economy grew by 8.7 percent and 7.2 percent, respectively, in 2021-22 and 2022-23.