India’s 6.6% Growth Shows Economic Resilience in Tough Global Conditions: Amitabh Kant
Amitabh Kant: Amitabh Kant described India's 6.6% GDP growth as a major achievement amid global war, inflation, and supply chain crises. Read his full statement on energy, semiconductors, and the economy.
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“India’s 6.6% Growth Shows Economic Resilience in Tough Global Conditions: Amitabh Kant”
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7 May 2026
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India’s 6.6% Growth Shows Economic Resilience in Tough Global Conditions: Amitabh Kant
According to the former CEO of NITI Aayog, Amitabh Kant, 6.6% GDP growth is an excellent feat considering India's economic challenges amid current global issues. Kant states that India is currently experiencing a war, high oil prices, supply chain disruptions, and protectionism, yet it is still considered one of the fastest-growing economies globally. In the "Thinking India" show, he said that the current international environment was quite unique and that attaining 6.6% growth demonstrated India's economic resilience.
He further highlighted that large-scale confrontations were taking place worldwide. Conflicts existed everywhere, disrupting global supply chains. Protectionism had brought uncertainties in international business relations.
He stated that the structural reforms and infrastructure investments India has made over the past few years will reap benefits in the coming decades. He believes India's economic position will strengthen once the situation normalizes.
Amitabh Kant stated that India must rapidly work towards becoming self-reliant in the energy sector. This requires large-scale investment in renewable energy, power storage, and electric mobility.
He stated that the country should work on a mission mode in areas such as solar energy, wind energy, offshore wind, and concentrated solar power. It is also essential to increase storage capacity for the power and electric vehicle sectors.
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Kant acknowledged that high crude oil prices are impacting India because the country imports large quantities of fossil fuels. However, he stated that the government has decided to absorb these shocks rather than passing the entire burden onto consumers. He expressed hope that once peace is restored and the war ends in West Asia, oil prices will decline, thereby easing inflationary pressures.
Amitabh Kant stated that India must become self-reliant in semiconductors, critical mineral processing, and clean energy technologies. He described the Semiconductor PLI scheme as one of the most transformative initiatives.
According to Kant, 12 companies in India are working on semiconductor manufacturing, which will prove crucial for the defense, automobile, and technology sectors. He stated that chip manufacturing will become a key pillar of the global economy in the future and is strategically important for India.
Kant believes that if global tensions ease and energy prices soften, India's growth rate could be further strengthened. He stated that in the long term, India must focus on becoming self-reliant in both energy and technology.
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