Summary:

According to Chief Economic Advisor Mr. V. Anantha Nageswaran, India's potential GDP growth is anticipated to be 6.5%-7%, a target that is realistic given the progress made over the last decade. Speaking at the IVCA's Green Returns Summit, he mentioned the Economic Survey's 2024-25 forecast.

He cited India's substantial progress in physical infrastructure and financial inclusion over the past decade, which will sustain future growth. He emphasized strategic investments, particularly in renewable energy, but advised against focusing primarily on solar and wind projects due to rising recycling costs. He suggested investing in grid systems to manage the fluctuations in renewable energy supplies. With 45 years to reach net-zero carbon emissions by 2070, he acknowledged the challenge of reconciling economic development and environmental sustainability.

Source: IBEF

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