Chief Economic Advisor (CEA) V. Anantha Nageswaran said on Friday that India’s economy remains robust despite global uncertainties. Speaking at an event, he highlighted that private capital expenditure (CapEx) in India continues to be strong, and projected that the country’s GDP growth for the current fiscal year could exceed 6.8%.
Nageswaran noted that improved private investment and rising foreign inflows are driving this momentum, adding that net FDI inflows during the first five months of FY25 were significantly higher than in the past two years. He described FY2024–25 as a “very good year” for private CapEx, countering concerns about a slowdown.
The CEA also emphasized the importance of a strong regulatory and legal framework, including reforms such as correcting the inverted GST structure, to sustain this growth. He stressed that India should focus on integrating with global supply chains while strengthening domestic production capacity rather than onshoring all manufacturing.
Nageswaran also mentioned that an India–US tariff agreement could soon be finalized. Earlier at the same event, SEBI Chairman Tuhin Kanta Pandey highlighted India’s capital markets as key to achieving the “Developed India” vision, noting that companies have raised about ₹2 lakh crore this year—reflecting investor confidence.
