Govt sticks to 6.3-6.8 pc GDP growth forecast for FY26

 

The Chief Economic Advisor, Mr V. Anantha Nageswaran, has reaffirmed the forecast of 6.3-6.8% economic growth for the current financial year, expressing confidence that domestic reforms — including proposed GST rate cuts — will boost demand and offset the adverse impact of the 50% tariff on Indian goods by the US. He acknowledged that manufacturing could face some pressure in the July-September quarter, but said it was difficult to make a precise estimate as exporters work to expand into newer markets. Recent policy steps, Task Force for Next-Gen Reforms, forthcoming GST changes, state deregulation & easing interest rates, are expected to reduce borrowing costs, attract capital, and boost consumption and investment. No revision is proposed to the growth forecast of 6.3%-6.8% as of now, Mr Nageswaran added, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!