New Delhi, Aug 30 (UNI) Mr Sanjeev Sanyal, Member of the Prime Minister’s Economic Advisory Council, today said the latest GDP growth estimate of 7.8 percent for first quarter of 2025-26 suggests that Indian economy retains strong momentum as the world’s fastest growing major economy.
Speaking to UNI he, however, admitted that there could be some ‘’friction’’ from US Tariffs and turbulence in global economy. He expressed confidence that policy makers have enough space to cushion any external shock.
‘’Of course, looking ahead, we will face some friction from US tariffs and turbulence in the global economy. However, with low inflation, robust external accounts, and a well capitalised financial system, policy-makers have enough space to cushion any external shock with an appropriately expansionary macro-policy mix,’’ Mr Sanyal said.
He stressed the need to ‘’chip away at economic reforms that support ease-of-doing-business to create space for future growth and not get distracted.”
