CII forecasts 6.4-6.7% growth for Indian economy in FY26
India's economy is expected to grow by 6.4-6.7% in 2025-26, according to Rajiv Memani, the new President of the Confederation of Indian Industries (CII).
He highlighted that India remains the fastest-growing major economy and suggested that reforms in areas like AI and manufacturing could help keep up this pace.
Memani also pointed out some good news: private companies are investing more, inflation has stayed under control for four months, and both rural and urban households are feeling positive about spending.
Current account deficit has shrunk, says Memani
Memani shared that India's current account deficit has shrunk, foreign exchange reserves are strong, and our external debt is low—all signs of a steady economy.
Services trade is also picking up speed, which adds another layer of support.
Still, he cautioned that while domestic demand looks solid for now, global uncertainties could bring some challenges ahead.