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PMO Aide Shaktikanta Das Charts India’s Shift to ‘Credible’ Growth With Rules-Based Stance and Atmanirbharta

In a memorial lecture, he said reforms plus targeted schemes underpin resilience as India faces supply‑chain fragmentation, projecting 7.4% GDP growth in 2025–26.

Overview

  • Das said India will support a cooperative, rules-based global economic system while forging pragmatic partnerships to protect national interests in a fragmenting order.
  • He framed Atmanirbharta as a strategy to build domestic capacity in critical goods and technologies such as semiconductors, rare earths, energy, pharmaceuticals and electronics, not as isolationism.
  • He warned that multilateral institutions are under strain as trade and supply chains are used as tools of leverage, heightening costs, inefficiencies and volatility for emerging economies.
  • He cited average growth of 8.2% from 2021–22 to 2024–25 and an NSO projection of 7.4% for 2025–26, with India expected to contribute about 18% of global GDP growth next year.
  • He highlighted stability and reform as pillars of resilience, pointing to GST, the Insolvency and Bankruptcy Code, labour codes and RERA, alongside schemes like PLI, the National Critical Minerals Mission and the Electronic Component Manufacturing Scheme, with public debt ratios declining since the pandemic peak.