GDP likely to grow at near 7% in FY26 on GST boost: CEA

The Indian economy is likely to grow closer to the upper end of the government’s projected range of 6.3-6.8% this financial year, buoyed by sweeping indirect tax reforms, chief economic adviser (CEA) V. Anantha Nageswaran said on Monday.

- Rhik Kundu

Chief economic adviser V. Anantha Nageswaran.

(PT)

India’s economy expanded at 6.5% in fiscal year 2025 (FY25), the slowest in four years, hurt by weak consumption and manufacturing.

“I am more comfortable now in saying that we will be taking towards the upper end of this range, rather than the lower end of this range,” Nageswaran said. “High-frequency indicators for July and August suggest that even the second quarter may touch close to a 7%,” he added.