India's Growth Momentum to Continue in Q1 of FY26: CEA

India's 2024-25 (FY25) gross domestic product (GDP) growth print at 6.5 per cent shows that the country still outshines many of the larger and key economies of the world and is expected to grow between 6.3 and 6.8 per cent driven private consumption, rural rebound, and resilient services exports, Chief Economic Advisor to the government, V Anantha Nageswaran said on Friday.

- Ruchika Chitravanshi

Urban consumption picks up on the back of better capital formation, hiring, and compensation then India could achieve a growth rate at the higher end of this range in FY26. The income tax relief announced in the Budget for FY26 will help in boosting consumption and that high-frequency indicators for April 2025 show strong industrial and commercial activity, he added.