Bhubaneswar: Chief Economic Advisor V. Anantha Nageswaran on Friday said India’s economic performance in recent years marks a clear improvement over the pre-COVID period, with strong growth being achieved alongside moderate inflation.
Comparing current trends with the pre-pandemic average, the CEA noted that real GDP growth averaged 6.4 per cent before COVID-19, rose to 6.5 per cent in FY 2024–25, and is projected at 7.4 per cent in the current financial year.
He highlighted robust demand conditions, stating that private final consumption expenditure is expected to grow by 7 per cent this year, following a 7.2 per cent expansion last year. Investment spending has also remained strong, contributing to overall economic momentum.
Importantly, Nageswaran underlined that these high growth rates are being achieved in a low-inflation environment. “We are achieving these high growth rates in consumption and investment spending amidst a very moderate inflation environment,” he said, adding that average inflation is projected at around 1.7 per cent for the first nine months of the year.
The CEA’s remarks reinforce the assessment in the Economic Survey 2025–26 that India has managed to balance growth and price stability, even as global economies grapple with volatility and uncertainty.
-OdishaAge
