India’s Chief Economic Advisor, V. Anantha Nageswaran, highlighted the country’s robust economic growth at the US-India Economic Forum 2026. Despite sustained growth, Nageswaran warned of increasing global uncertainties that could impact the future outlook. He emphasized the significant uncertainty prevailing globally, citing concerns about conflicts and economic volatility.
India’s GDP growth for the year ending March 2026 is projected at 7.6%, maintaining a streak of over 7% growth post-COVID. Nageswaran praised India’s achievement of over 7% real GDP growth in a world where growth is scarce post-pandemic. The momentum entering the new financial year remains strong, with agriculture, manufacturing, and services sectors performing well.
While acknowledging India’s strong domestic demand and infrastructure investment supporting growth, Nageswaran highlighted the changing global environment with heightened risks. He pointed out risks such as higher energy prices, supply disruptions, and capital flow volatility that could impact growth, inflation, and external balances. Despite these challenges, he expressed confidence in India’s ability to manage the impact due to its macroeconomic strength.
Nageswaran also commended progress in fiscal consolidation, noting deficits moderating alongside increased public investment. However, he stressed the importance of policymakers staying vigilant and responding swiftly to emerging risks. Highlighting the need for realistic assessments, he underscored the importance of managing external shocks, continuing structural reforms, and investment to sustain high growth in India.
