India's economy will cross $4T this fiscal year?
What's the story
India's Chief Economic Advisor, V Anantha Nageswaran, has predicted that the country's economy will surpass the $4 trillion mark in the current fiscal year. Speaking at the IVCA Green Returns Summit 2025, he said India has already crossed the $3.9 trillion GDP mark at the end of March 2025. This growth is crucial for India to maintain its global standing amid changing geopolitical dynamics.
Growth importance
Economic growth vital for India's global leverage
Nageswaran emphasized the importance of sustained economic growth in these volatile times. He said India's increasing economic strength will be instrumental in maintaining its global leverage. The Chief Economic Advisor also stressed that all efforts toward greening the economy, energy transition, and climate change should align with both short-term and medium-term priorities.
Climate commitment
India remains committed to net-zero by 2070
Nageswaran highlighted India's awareness of the long-term risks posed by global warming on agriculture, environment, and coastal regions. He reiterated India's commitment to achieving the net-zero emissions by the year 2070.