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CII President Urges 10% Nominal GDP Growth to Realize Viksit Bharat Vision

He said a pending US interim trade pact could unlock market access for Indian firms

Overview

  • Rajiv Memani said India needs an average 10% annual nominal GDP growth to achieve its Viksit Bharat goals by 2047
  • The industry body projects real GDP growth of 6.4–6.7% for the current fiscal year on the back of robust domestic demand
  • The Reserve Bank of India has maintained its 6.5% growth forecast for FY26, citing strong macroeconomic fundamentals
  • The interim trade pact with the United States is expected to remove policy uncertainty and open larger export markets for Indian companies
  • Industry leaders anticipate the agreement will pave the way for technology transfers and new joint ventures