Archive · 2 Jun 2025
India's Economic Growth: Plans and Targets
India's economy is doing well and is expected to keep growing quickly.
The government plans to make manufacturing a bigger part of the economy and create a National Manufacturing Mission.
They are also working on green energy projects and aim to make green hydrogen cheaper.
The country's economy grew by 6.5% in the last fiscal year, and the forecast is between 6.3% and 6.8% for the next.
They're aiming to become a global manufacturing hub and are working to attract more investment.
India is projected to be the third-largest economy by 2027.
The economy grew by 6.5% in FY25.
The National Manufacturing Mission aims to boost manufacturing.
The government targets green hydrogen at $1 per kg.
India's manufacturing sector growth target is 15%.
- Who
- Piyush Goyal, Hardeep Singh Puri, BVR Subrahmanyam, and Anantha Nageswaran
- What
- India's economic outlook and growth strategies were discussed.
- When
- Recent
- Where
- CII Annual Business Summit 2025
- Why
- At the CII Annual Business Summit to promote India's economic growth.
Economic Growth
Investment Strategies
Manufacturing Ambitions
Economic Growth
Focus on the goal of establishing India as a global manufacturing hub through the National Manufacturing Mission, which involves strategic planning, infrastructure, and skilled labor.
Investment Strategies
Emphasizing the need to bring in more FDI and increase private sector capital investment to boost urban consumption, hiring, and employee compensation.
- FY25 Growth Rate
- 6.5%
- FY26 Growth Forecast
- 6.3%-6.8%
- India's Projected GDP Rank
- Third largest by 2027
- Manufacturing Sector Growth Target
- 15%
- Green Hydrogen Cost Target
- $1 per kg
Sources
India story is ‘kindness towards friends, might against enemies’, says Environment Minister
India to remain fastest-growing large economy for next three decades: Piyush Goyal
Hardeep Singh Puri sets $1 per kg green hydrogen target to drive energy innovation
India ‘outshines’ many larger economies with 6.5% growth in FY25, no change in FY26 growth range of 6.3%-6.8%: CEA Anantha Nageswaran
Piyush Goyal: India set to remain fastest-growing economy for the next 30 years
