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India’s Economy May Grow by 6.4% to 6.7% in FY26, Says CII President Rajiv Memani

The Indian economy is likely to grow by 6.4% to 6.7% in the financial year 2025-26. This good news comes from Rajiv Memani, the new president of the Confederation of Indian Industry (CII). He shared this outlook in his first press conference after taking charge. Mr. Memani believes that strong domestic demand, a good monsoon forecast, and more money in the market will help the economy grow steadily.

According to him, one of the big reasons for this hopeful growth is a recent move by the Reserve Bank of India (RBI). The RBI has reduced something called the Cash Reserve Ratio (CRR) by 100 basis points. This means banks will now have ₹2.5 lakh crore more to give as loans to people and businesses. Along with that, the interest rates were also cut by 50 basis points, which makes borrowing money cheaper. When loans are cheaper, more people can start businesses or buy homes, and this helps the economy grow.

Mr. Memani also pointed out that not everything is smooth. There are still some risks, especially from events happening in other countries. He said geopolitical problems—like wars or tensions between countries—can create trouble for trade and the global economy. But he was hopeful that these risks could be balanced by India’s strong demand at home.

He added that India’s economy is standing on firm ground. People are spending money, businesses are running well, and if the monsoon (rainy season) is good, farmers will also do better. All of this helps the country grow faster.

In short, India’s economy looks healthy, but we still need to be careful of the problems happening around the world. Mr. Memani feels that if things stay steady, India can easily grow at 6.4% to 6.7% this year.

India's Economy May Grow by 6.4% to 6.7% in FY26, Says CII President Rajiv Memani_4.1

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