India’s Chief Economic Advisor V Anantha Nageswaran on Tuesday said the Indian economy is set to cross the $4 trillion mark in the current fiscal, FY2026.
While speaking at the IVCA Green Returns Summit 2025, Nageswaran stated, “the Indian economy is already sort of crossing the $4 trillion mark, in the course of the current financial year, from $3.9 trillion at the end of March 2025.”
“So, whatever we do with respect to greening the economy, energy transition, environment, dealing with climate change and climate volatility have to be aligned with our priorities, both in the near term and the medium term,” the CEA said.
He further added that the country is well aware of the potential consequences of global warming and climate change and more generally for the agricultural environment, and coastlines, etc.
“That is why we as a country are committed to achieving net zero by 2070.”
The CEA also noted that with geopolitics in a huge state of flux, economic growth is very vital prerequisite to maintain India’s standing and leverage on the world stage.
Recently, S&P Global Ratings also said India’s economy is set to grow by 6.5% in the current fiscal year and 6.7% in the next, adding that the tax cuts and monetary policy easing will give a boost to consumption-driven growth.
In its Economic Outlook Asia-Pacific report, S&P Global said India’s real gross domestic product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8% in the April to June period of the current fiscal year.