NEW DELHI: India’s Chief Economic Adviser V. Anantha Nageswaran said he expects India’s GDP growth in FY26 to exceed 6.8%. Speaking at the CNBC-TV18 Global Leadership Summit 2025, he cited strong private investments, robust FDI inflows, and manufacturing reforms as key drivers of sustained momentum.
CEA Nageswaran expects India’s GDP growth in FY26 to be above 6.8%, higher than earlier estimates.

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•  He said initial projections were in the 6.3–6.8% range, but growth momentum has improved.
•  India’s Q1 FY25 GDP grew 7.8%, fastest in five quarters, showing strong domestic resilience.
•  Optimism driven by rising private investments, better foreign inflows, and fiscal reforms.
•  Private capex in FY25 estimated at ₹6.56 trillion, while public capex stood at ₹11.11 trillion.
•  FDI inflows rose to $81.04 billion in FY25, up from $71.28 billion in FY24.
•  He emphasized linking domestic manufacturing with global value chains, not just onshoring.
•  Reforms like removing inverted duty structures and cutting customs duties seen as vital for competitiveness.
•  Government’s direct and indirect tax reforms aim at boosting both supply and demand.
•  On AI impact, he said transition may be disruptive short-term but net positive in the long run.