India is firmly on the path to becoming a $6.8 trillion economy by FY 2030-31, according to projections by the International Monetary Fund (IMF)—a forecast echoed by Chief Economic Advisor (CEA) V. Anantha Nageswaran during his address at the CII Annual Business Summit 2025.
“The IMF concurs, estimating India's dollar GDP to reach $6.8 trillion by FY 2030-31,” said Nageswaran, highlighting the growing global confidence in India's economic trajectory.
Speaking at the inaugural plenary, the CEA pointed to several macroeconomic tailwinds that could strengthen India’s momentum even amid global uncertainties. “India has a few silver linings amid the uncertainty. Energy prices are lower, and with evolving tariff scenarios, India could gain an advantage in sectors where it previously didn't,” he stated.
Nageswaran also emphasized improvements in domestic policy and environmental conditions. “Monetary policy is less growth-unfriendly this year than in 2024, middle-class tax relief kicks in and the monsoon is expected to be above average.” These factors, he said, underpin the 6.3% to 6.8% GDP growth projected in the current Economic Survey.
