 "Speaking at the IVCA Green Returns Summit 2025, CEA said the Indian economy has effectively begun to cross the $4 trillion mark.")
India’s Chief Economic Advisor V. Anantha Nageswaran said on Tuesday that India’s economy is on track to surpass $4 trillion in the current financial year, adding that strong and sustained growth is essential for preserving the country’s global influence amid shifting geopolitical dynamics.
India is presently the world’s fifth-largest economy with a GDP of around $3.9 trillion. Speaking at the IVCA Green Returns Summit 2025, Nageswaran said the economy is already on the verge of crossing the $4 trillion mark during this fiscal year, rising from $3.9 trillion at the end of March 2025.
Growth priorities and climate commitments
Nageswaran said that efforts linked to greening the economy, energy transition, environmental management, and responses to climate volatility must remain aligned with national priorities in both the near and medium term. He added that India recognises the potential consequences of global warming and climate change for agriculture, the environment, and coastlines.
He reaffirmed that this awareness underpins India’s commitment to achieve net zero emissions by 2070.
India’s Q2 GDP likely grew 7.3%
India’s economy likely expanded by 7.3% in the July–September quarter, a Reuters poll of economists showed, supported by robust rural demand and sustained government expenditure, even as private capital investment remained weak.
Household consumption—about 60% of India’s total economic activity—picked up last quarter as improved agricultural output boosted rural spending. However, urban demand and private investment continued to trail, highlighting uneven momentum in Asia’s third-largest economy.
Government expenditure, which has been a major growth engine in recent years, is also expected to have remained strong in the second quarter of the fiscal year.