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Indian economy likely to grow at 6.5 percent in FY 2026, CII claims
Indian Economy: According to Confederation of Indian Industry (CII) President Sanjeev Puri, India's GDP may grow at 6.5 percent in the current financial year. He has said that the country's economy is flexible enough to overcome the short-term impact of geopolitical issues. Let us know what he said next, in detail.
India's GDP is expected to grow at 6.5 percent in the ongoing fiscal year, said Confederation of Indian Industry (CII) President Sanjeev Puri. India's economy is capable of withstanding geopolitical issues of a temporary nature, he has stated.
In an interview with PTI, he stated that the nation must sign bilateral trade agreements with key trading partners so that national interest is protected amid increasing trade barriers. Highlighting increasing private investment in sectors including energy, transport, metals, chemicals, and hospitality, Puri stated that due to ongoing geopolitical uncertainties, there could be "some caution" investment.
On the economic growth forecast for India, he said, "We are expecting a rate of 6.5 per cent. We believe this number is fundamentally achievable, because the fact is that we are starting with a reasonable base, strong economic fundamentals."
Elaborating on the reasons, he said, "Interest rates have come down in recent times. Inflation is softening. Personal income tax is being rebated from April 1. Investment in the public and private sector has increased in the latter half of last year."
