GDP to be upwards of 6.8 pc in FY 26: CEA

Buoyed by the higher consumption post GST and interest rate cuts, pick-up in private capex and meaningfully higher foreign direct investment (FDI) flows, India’s Chief Economic Advisor (CEA) Mr V. Anantha Nageswaran has forecast upwards of 6.8% GDP growth in the current fiscal. The CEA said if India can strike a trade deal with the US, the GDP growth could be even higher. Mr Nageswaran emphasised that it is the right set of legal and regulatory frameworks that enables successes in some of the sectors. For example, removing the inverted duty structures and exempting primary and intermediary raw materials from Customs duties has made the cost of production cheaper and more competitive, as per a report.

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