India’s Chief Economic Advisor, V. Anantha Nageswaran, has stated that the country’s economy is on track to cross the $4 trillion mark in the current fiscal year, FY2026, according to a report by PTI on 25 November. At present, India is 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 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.”

He emphasized that aligning economic growth with national priorities, including energy transition, environmental sustainability, and climate resilience, is vital amid global geopolitical uncertainty. “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,” he noted. Nageswaran also reiterated India’s commitment to achieving net zero emissions by 2070, highlighting the country’s awareness of the impacts of global warming on agriculture, environment, and coastlines.

On economic growth, Nageswaran expressed confidence that India’s GDP would expand more than 6.8% in FY26, boosted by GST-driven consumption and income tax relief measures. He noted that the Economic Survey had earlier projected growth of 6.3–6.8% for FY26 but said, “I think there is a lot of comfort in saying that it would be definitely north of 6.5% and I am more comfortable saying even north of 6.8%.” He added that a final upward adjustment could be considered once Q2 data is released.

Nageswaran also highlighted the potential role of the India-US bilateral trade agreement (BTA) in further accelerating growth. “If there is a resolution on the trade front, then the upward bias will become a mainstream forecast,” he said, expressing hope that the agreement would be finalized soon.