Benign Inflation May Lead to Nominal GDP Growth Shortfall in FY26, Warns CEA Nageswaran
Chief Economic Adviser (CEA) V Anantha Nageswaran has cautioned that India’s nominal GDP growth for FY26 may fall short of the budgeted target of 10.1% due to persistently low inflation. While the government remains optimistic about achieving the real GDP growth target of 6.3–6.8%, the subdued price environment—driven by a strong kharif harvest, landmark GST…