India can return to 7% growth by FY28 despite near-term risks, says CEA Nageswaran

India can reclaim over 7% growth by FY28 through stable economics and supply improvements, contingent on better external factors, according to Chief Economic Adviser V Anantha Nageswaran. Despite the RBI’s lowered FY27 forecast to 6.6% due to global price hikes and disruptions, Nageswaran remains optimistic. He anticipates nominal GDP growth will surpass the budget’s 10.1% estimate.