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India's Chief Economic Adviser V. Anantha Nageswaran has indicated a 'considerable downside' risk to the country's GDP growth forecast of 7-7.4% for the fiscal year 2027. He highlighted potential challenges that could impact the economic outlook.
V. Anantha Nageswaran stated that 'Swadeshi' (self-reliance) is crucial for building strategic resilience and indispensability in the evolving world order, particularly through competitiveness in manufacturing and export sectors.
Chief Economic Advisor V. Anantha Nageswaran has expressed confidence of above 7% GDP growth potential of the economy. India is on path to become the world’s third largest economy by the end of this decade - third only to the US and China.