Economic growth may exceed 7 pc, GDP to cross USD 4 tn mark in FY26: CEA
GST
Dated:- 28-11-2025
PTI
New Delhi, Nov 28 (PTI) Buoyed by more-than-expected 8.2 per cent GDP growth rate in the second quarter, Chief Economic Adviser V Anantha Nageswaran on Friday expressed optimism that India's economic growth will exceed 7 per cent this fiscal and the size of the GDP will cross the USD 4 trillion mark.
The Economic Survey tabled in Parliament in January had projected real economic growth of 6.3-6.8 per cent for FY26.
Briefing reporters after the release of the second-quarter GDP growth, Nageswaran said the Indian economy is expected to cross USD 4 trillion in the current fiscal year, given the current rate of growth.
India's Gros
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nt in the preceding three months and 5.6 per cent in the year-ago period, was aided by a strong showing from the services sector, which clocked double-digit growth.
Improving price dynamics and tax reforms are expected to boost household disposable incomes, strengthening the near-term consumption outlook, he added.
The third quarter (October-December) of the current fiscal year has commenced on a sound footing, the CEA pointed out.
The cumulative GST collection growth of 9 per cent for April–October 2025 indicates that the underlying revenue stream has remained resilient, aided by firm consumption and improved compliance.
Healthy corporate sector balance sheets augur well for sustained private investments in H2 of FY26, he said.
Nagesw
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