New Delhi, July 3
India's real GDP growth is projected to grow in a range of 6.4-6.7 per cent in FY26, reinforcing the country’s position as the fastest-growing major economy in the world, the Confederation of Indian Industry (CII) said on Thursday.
CII President Rajiv Memani said that at a time when global economic and political volatility is at its highest in over two decades, India stands out as a bright spot in an increasingly fractured global economy.
Speaking at a CII event in the national capital, Memani said competitiveness is India’s passport to prosperity.
"But it must be earned through reform, through innovation, and through trust. CII remains committed to working alongside the government, industry, and citizens to accelerate India’s rise as a confident, competitive, and globally connected economy," he said, adding that India’s internal momentum is strong enough to withstand external shocks.
In a world where the rules of trade and technology are rapidly changing, we must anchor India’s growth in competitiveness, rooted in scale, productivity, innovation, and resilience. It is our moment. But we must act decisively to seize it, he emphasised.
To be able to meet the developmental and infrastructure needs, while maintaining the fiscal balance, CII suggests a focus on augmenting government revenues through calibrated disinvestment of public sector enterprises.