๐๐ป๐ฑ๐ถ๐ฎ ๐๐ฟ๐ผ๐๐๐ต ๐ช๐ถ๐น๐น ๐ฅ๐ฒ๐๐๐ฟ๐ป ๐ง๐ผ ๐ณ% ๐๐ ๐๐ฌ๐ฎ๐ด, ๐ฆ๐ฎ๐๐ ๐๐๐ ๐ก๐ฎ๐ด๐ฒ๐๐๐ฎ๐ฟ๐ฎ๐ป
Chief Economic Adviser V Anantha Nageswaran said India will return to a growth path above 7% in FY28. He spoke on Friday.
- Macroeconomic stability and supply-side measures will drive the rebound
- External conditions must improve first
- The RBI cut its FY27 GDP growth forecast to 6.6% from 6.9%
- The RBI cited high energy and commodity prices and supply disruptions from the West Asia conflict
- Nageswaran said he will not second-guess the RBI forecast now
- He assumes conditions from before February 28 will return before FY28
- If current conditions stay, officials will revisit the estimate for the next financial year
- Nominal GDP growth will exceed the 10.1% Union Budget estimate for 2026-27
- Rising retail inflation supports the higher nominal GDP figure