New Delhi: Chief Economic Adviser V Anantha Nageswaran stated November 7, 2025, that India’s private investment spending remains strong despite global uncertainties. Furthermore, the country’s economy is expected to grow over 6.8 per cent in the current fiscal year (FY26). This resilient private capital momentum reflects investor confidence and positions India for sustained economic progress.
Speaking at an event, Chief Economic Adviser V. Anantha Nageswaran indicated a potential upward revision of India’s GDP growth. He cited strong Q2 data, a recovery in private capital expenditure, and rising foreign inflows. Consequently, India’s economy shows renewed resilience despite global uncertainties.
Nageswaran highlighted that net FDI inflows during the first five months of this year surpassed levels seen in the last two years. Moreover, he noted that FY2024-25 has been excellent for private capital expenditure, challenging perceptions of a slowdown. This growth reflects renewed investor confidence and long-term economic stability.
He added that private capex, which lagged in FY24, has rebounded sharply in FY25. Therefore, investment momentum appears to be accelerating, supporting sustained economic expansion. Additionally, he emphasised the importance of a robust regulatory and legal framework to facilitate success across sectors. For example, correcting inverted duty structures remains crucial.
Nageswaran suggested India focus on integrating with global supply chains while strengthening domestic manufacturing, rather than attempting to onshore all production. Furthermore, he mentioned that a US–India tariff agreement could be finalised soon. He also attributed India’s consumption growth to supply-side expansion driven by strong investment momentum.
Earlier, SEBI Chairperson Tuhin Kanta Pandey stressed that India’s economic progress towards the ‘Viksit Bharat’ goal relies heavily on capital markets. He added that companies raised about Rs 2 lakh crore from the primary market this year, reflecting strong investor confidence.
Pandey also highlighted structural opportunities, noting that mutual fund assets under management remain below 25 per cent of GDP. Specifically, urban participation is around 15 per cent, while rural participation stands at 6 per cent. Therefore, expanding market reach can further strengthen India’s financial ecosystem.