Archive · 14 Aug 2025
NITI Aayog: India Needs Higher GDP for Viksit Bharat
The CEO of NITI Aayog says India needs to grow its economy much faster to become a developed country.
Currently, the economy is growing at 6.5%, which is not fast enough.
A new US tariff of 50% on Indian goods will start on August 27, which could slow down growth.
The government is also working to use data to make better decisions and to make sure India's data practices meet global standards.
NITI Aayog CEO states India needs 8% GDP growth to become a developed economy by 2047.
Current GDP growth of 6.5% is the lowest in four years.
US announced 50% tariff on Indian goods entering the US from August 27.
Economists predict the tariff could reduce India's 2025-26 GDP growth.
Government emphasizes data-driven policymaking and aligning with global statistical practices.
- Who
- BVR Subrahmanyam, CEO of NITI Aayog
- What
- India's economic growth targets and the impact of global tariffs.
- When
- August 2025
- Where
- India
- Why
- To highlight the need for higher economic growth and the importance of data in policymaking.
Pro-Growth Measures
Potential Economic Challenges
Economic Impact
Pro-Growth Measures
Data-driven policymaking will help growth.
Potential Economic Challenges
Tariffs could impede economic growth.
- Official
- BVR Subrahmanyam
- Target GDP Growth
- 8%
- Current GDP Growth
- 6.5%
- US Tariff
- 50%
- Tariff Start Date
- August 27
Sources
India's economy keeps growing quickly: CEA Nageswaran
India's corporate sector is world class, and JP Morgan says AI won't derail the story
"US Tariff Impact Will Ease In 1-2 Quarters": Chief Economic Advisor
FE Exclusive | Exporters scurry to fall back on local market, but question marks remain
Pvt Sector Urged To Do More As Country Navigates Through Longer-term Challenges
US tariff impact to ease out in one to two quarters: CEA
US tariff odds will not last for over 2 qtrs: CEA
India's growth trajectory remains unaffected from 'War or No War' outcome of Putin-Trump meeting: CareEdge CEO
