India aims for 7 to 8 per cent growth to achieve Viksit Bharat by 2047, emphasizing the necessity of increased private sector investment and robust export expansion, according to Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM). Dev highlighted the significance of private sector investment and export growth, aligning with Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’.
Structural reforms undertaken in recent years have set the foundation for this growth trajectory, Dev added. The country’s GDP growth stood at a strong 7.8 per cent in the January-March quarter of 2025-26, resulting in a full-year growth rate of 7.7 per cent, driven by solid performances in agriculture, construction, and services sectors, as per Ministry of Statistics data.
Notably, the secondary sector saw an 8.8 per cent growth, while the tertiary sector expanded by 9.9 per cent. The primary sector also grew by 3.2 per cent, primarily led by agriculture and fisheries. Various sectors including manufacturing, trade, services, and real estate witnessed double-digit growth during the period, supported by significant government investments in infrastructure projects.
The government’s substantial investments in key infrastructure projects like highways, railways, ports, and airports have contributed to India’s status as the fastest-growing economy amidst global economic challenges. Dev expressed satisfaction with FICCI’s initiative in organizing an innovative crop nutrition conclave, emphasizing the importance of collaboration among farmers, industry, and the government for the future of plant nutrition.
