India’s economic growth trajectory remains strong, with Chief Economic Adviser (CEA) Dr. V Ananth Nageswaran projecting that the country’s GDP growth will stay stable in the coming months.
Speaking at an event on the Bharat Chamber of Commerce’s 125th foundation day in Kolkata, Dr. Nageswaran highlighted the nation’s impressive economic performance over the past six years.
Dr. Nageswaran referenced IMF estimates, projecting that India’s economy will reach a volume of 5 lakh crore US dollars by 2027-28. He emphasized that the GDP growth for the first quarter of the current fiscal year is expected to mirror that of the upcoming quarter, signaling continuity in the positive economic environment.
He also noted significant growth in the MSME sector and a steady positive share of agriculture in GDP. However, he pointed out that manufacturing’s contribution to GDP has grown at a slower pace compared to other sectors.
The CEA’s comments reflect the confidence in India’s economy, despite global uncertainties, with a particular focus on the growth of key sectors like agriculture and MSMEs.
