Summary:

According to Rajiv Memani, President of the Confederation of Indian Industry (CII), India's GDP is expected to increase between 6.40% and 6.70% in FY26, mostly due to robust domestic demand. In his first news conference since entering office, he emphasised major growth factors such as a strong monsoon, enhanced liquidity from the RBI's 100 basis point CRR drop (injecting ₹2.5 lakh crore into the banking sector), and a 50 basis point repo rate reduction to 5.50%. While admitting dangers from global trade and geopolitical conflicts, Memani emphasised that these are outweighed by home strength. CII believes that these factors would result in a sustained and balanced economic trajectory for India in FY26.

Source: IBEF

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