Manoranjan Sharma, Chief Economist at Infomerics Ratings, says India’s economy is showing strong growth potential in FY26, estimated at 7.4%, far above the global average of 2.2% and advanced economies at 0.5%. He notes that India has become an outperformer even among emerging markets, strengthening its position in nominal GDP terms. According to Sharma, this growth is supported by five key pillars: sustained public investment in infrastructure, transport, and energy; robust domestic consumption fueled by direct tax relief and GST reforms; a strong services sector, particularly IT, finance, and tourism; macroeconomic stability with controlled inflation; and a manageable fiscal deficit. He stresses that the strength of these drivers must be continuously monitored to sustain India’s economic momentum.
