New Delhi, 5 May (IANS). Chief Economic Advisor (CEA) V Anant Nageswaran said that the current indicators are showing positive pictures of India’s economy and the domestic economy is moving rapidly even after global challenges.
At a ceremony at Ashoka University, Nageswaran further said, “Despite the global challenges, the Indian economy is in good position. FY 25 figures will be available in May and existing indicators are indicating that the growth rate has been strong.”
He further said that energy in the country is becoming economical and energy transitions are increasing employment opportunities and small and medium enterprises and manufacturing are increasing.
According to Nageswaran, Artificial Intelligence, Education and the country’s efficient workforce are helping to increase the growth rate.
He said that there is a need to maintain comprehensive economic stability while controlling inflation. Also, it is necessary to target inclusive development as the country progresses.
NITI Aayog Deputy Chairman Suman Berry, in his address in the program, discussed India’s long -term view of becoming a developed, high -income country by 2047.
He added, “India has achieved an annual growth rate of 6.5 percent in the last three decades and I think it is an impressive achievement. It shows both institutional agility and maturity in India. Also said that global turmoil can create opportunities for India.
According to the IMF report, India remains the world’s fastest growing economy. The only major economy in the world will be in the next two years, which will grow at a rate of 6 percent.
IMF chief economist Geeta Gopinath said, “Our April 2025 World Economic Outlook estimates a weak global growth of 2.8 percent, including a decline in 127 countries growth, which is 86 percent of the world GDP.”
This outlook reported that India’s economy may grow at a rate of 6.2 percent in 2025, while in 2026 it is expected to grow at a rate of 6.3 percent. At the same time, China’s economy may grow at the rate of 4 percent in 2025 and 4.6 percent in 2026.
-IANS
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