Archive · 24 Sep 2025
CEA: India's Growth Optimism Amidst Global Uncertainty
India's top economic advisor is feeling pretty good about how the country is doing economically.
Even though there are worries about global issues, they think India can grow well.
The government is committed to keeping the country’s spending under control.
Tax cuts have helped people save money, which should help them buy more things.
Also, companies are moving their business from China to India.
But, for India to keep growing strong, the country needs to improve skills and education.
CEA projects growth near the upper end of the 6.3-6.8% range.
Government committed to fiscal deficit target of 4.4% of GDP in FY26.
GST 2.0 package generated net household tax savings.
Lower borrowing costs have eased fiscal pressure and made Indian debt attractive.
Multinational corporations continue to favor India for manufacturing.
- Who
- Chief Economic Adviser (CEA)
- What
- Expressed optimism on India’s growth
- When
- Current fiscal year
- Where
- India
- Why
- Despite global uncertainties and domestic pressures
CEA's assessment
Other Considerations
Reliance on Reforms
CEA's assessment
Major reforms often come as responses to crisis.
Other Considerations
Should shift to anticipatory reforms for sustained growth.
Polarization and Economic Growth
CEA's assessment
Polarization and regressive practices hinder economic growth.
Other Considerations
Policy intervention is needed from political leadership to address it.
- GDP Growth Projection
- 6.3-6.8%
- Fiscal Deficit Target (FY26)
- 4.4% of GDP
- GST 2.0 Net Household Tax Savings
- Rs one lakh crore
- Bond Yield Decrease (Decade)
- Almost three percentage points
Sources
FY26 Borrowing Plan Unchanged: CEA
GST & IT cuts along with benign monsoon to help domestic demand remain strong: S&P Global
Nifty, Sensex open flat amid volatility due to H-1B visa, but Auto stocks rally on GST reforms
How India’s GDP Set To Defy Global Slowdowns In FY26? Here's What S&P Global Report Suggests
Govt may lift capex beyond budget as private sector stays cautious
S&P Global retains India’s growth forecast at 6.5% for FY26
GST reforms will reduce distortions, says S&P Global Economist Rana
OECD raises India's growth by 40 bps to 6.7 pc in 2025 over domestic demand, GST reforms
S&P retains India’s FY26 GDP growth forecast at 6.5%, expects 25 bps RBI rate cut
H2 borrowing plan may prune longer G-Secs
