{"id":17158,"date":"2026-06-05T18:32:31","date_gmt":"2026-06-05T13:02:31","guid":{"rendered":"https:\/\/banitoday.com\/india-can-return-to-7-growth-by-fy28-despite-near-term-risks-says-cea-nageswaran\/"},"modified":"2026-06-05T18:32:31","modified_gmt":"2026-06-05T13:02:31","slug":"india-can-return-to-7-growth-by-fy28-despite-near-term-risks-says-cea-nageswaran","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/india-can-return-to-7-growth-by-fy28-despite-near-term-risks-says-cea-nageswaran\/","title":{"rendered":"India can return to 7% growth by FY28 despite near-term risks, says CEA Nageswaran"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131532341,imgsize-354049,width-400,height-225,resizemode-4\/-.jpg\" alt=\"India can return to 7% growth by FY28 despite near-term risks, says CEA Nageswaran\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>India can return to a growth trajectory of over 7% in FY28 through macroeconomic stability and supply-side measures, provided external conditions improve, Chief Economic Adviser V Anantha Nageswaran said on Friday.<span class=\"id-r-component br\" data-pos=\"2\"\/>The comments came after the Reserve Bank of India lowered its GDP growth forecast for FY27 to 6.6% from 6.9% projected in April, citing elevated energy and commodity prices and continuing supply disruptions linked to the West Asia conflict.<span class=\"id-r-component br\" data-pos=\"5\"\/>&#8220;We have no reason to second-guess them (RBI forecast) at this point, because there are both possibilities on the upside and on the downside with respect to the numbers that they have presented,&#8221; Nageswaran said, PTI quoted.<span class=\"id-r-component br\" data-pos=\"9\"\/>&#8220;So, even if the growth were to slip below 7 per cent as the RBI forecast suggests&#8230;macro stability measures and supply assurances will bring us back to a 7 per cent plus growth track in FY28 or as soon as external conditions improve,&#8221; he added.<span class=\"id-r-component br\" data-pos=\"11\"\/>Nageswaran said the outlook is based on the assumption that conditions prevailing before February 28 are restored before FY28.<span class=\"id-r-component br\" data-pos=\"13\"\/>&#8220;Now, if these conditions continue, then we will revisit the estimate for the next financial year,&#8221; he said.<span class=\"id-r-component br\" data-pos=\"16\"\/>The CEA also said nominal GDP growth is likely to exceed the 10.1% estimate used in the Union Budget for 2026-27, supported by the upward momentum in retail inflation.<span class=\"id-r-component br\" data-pos=\"18\"\/>&#8220;The good news is that the nominal GDP growth will be significantly higher than the number which the budget estimates used, which is 10.1 per cent for the current financial year,&#8221; he said.<span class=\"id-r-component br\" data-pos=\"20\"\/><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-can-return-to-7-growth-by-fy28-despite-near-term-risks-says-cea-nageswaran\/articleshow\/131532350.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India can return to a growth trajectory of over 7% in FY28 through macroeconomic stability and supply-side measures, provided external conditions improve, Chief Economic Adviser V Anantha Nageswaran said on Friday.The comments came after the Reserve Bank of India lowered its GDP growth forecast for FY27 to 6.6% from 6.9% projected in April, citing elevated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17158","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/17158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=17158"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/17158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/17159"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=17158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=17158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=17158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}