India’s Chief Economic Advisor V. Anantha Nageswaran on Thursday said he is confident that the country's economic growth is expected to remain strong in FY27, with real GDP projected between 6.8% and 7.2% even after a base year revision scheduled for February.
Speaking at a press conference following the presentation of the Economic Survey 2025-26, Nageswaran said the country’s growth momentum has strengthened alongside a significant easing in inflation, supported by robust domestic demand and moderated price pressures.
Real GDP growth has shown steady improvement in recent years. “If you look at the last few years in comparison to pre-COVID average, real GDP growth pre-COVID was 6.4% and in FY25 was 6.5% and this year it is predicted to be 7.4%,” the CEA said. The growth projection for FY26 stands at 7.4%.
The Economic Survey, tabled earlier in the Lok Sabha, highlighted strong domestic fundamentals including consumption and investment are driving growth. "Private consumption expenditure (PFCE) growth remains resilient, increasing from 6.8 per cent in FY12-FY20 to 7.2 per cent in FY25, before moderating slightly to 7.0 per cent in FY26. Meanwhile, investment activity has picked up sharply, with real Gross Fixed Capital Formation (GFCF) growth rising from 6.3% in FY12-FY20 to 7.1 per cent in FY25, and further to 7.8 per cent in FY26, underscoring sustained capital formation," he said.
Nageswaran said these trends indicate a resilient domestic economy capable of maintaining high growth even amid technical adjustments to economic measurement.
More to come.
Speaking at a press conference following the presentation of the Economic Survey 2025-26, Nageswaran said the country’s growth momentum has strengthened alongside a significant easing in inflation, supported by robust domestic demand and moderated price pressures.
Real GDP growth has shown steady improvement in recent years. “If you look at the last few years in comparison to pre-COVID average, real GDP growth pre-COVID was 6.4% and in FY25 was 6.5% and this year it is predicted to be 7.4%,” the CEA said. The growth projection for FY26 stands at 7.4%.
The Economic Survey, tabled earlier in the Lok Sabha, highlighted strong domestic fundamentals including consumption and investment are driving growth. "Private consumption expenditure (PFCE) growth remains resilient, increasing from 6.8 per cent in FY12-FY20 to 7.2 per cent in FY25, before moderating slightly to 7.0 per cent in FY26. Meanwhile, investment activity has picked up sharply, with real Gross Fixed Capital Formation (GFCF) growth rising from 6.3% in FY12-FY20 to 7.1 per cent in FY25, and further to 7.8 per cent in FY26, underscoring sustained capital formation," he said.
Nageswaran said these trends indicate a resilient domestic economy capable of maintaining high growth even amid technical adjustments to economic measurement.
More to come.
