"We believe that we would be in the 7-7.1 % range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds. But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world," he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact
According to Deloitte projections, growth is likely to be 6.7% in the next fiscal year (2025-26). The Indian economy grew 8.2% in the previous fiscal year -- 2023-24.
In an interview with PTI, Shetty said he expects the Modi 3.0 government to continue with the
Oil price decline is in some sense good for India because the country is a net importer of a lot of things, and the US Fed rate cut will be positive for India. Observing that India will be the services capital of the world, Shetty said the country has to focus on using technology in agriculture to increase productivity and also look for niche areas where India can dominate globally.
To a question on whether India can achieve the developed nation tag by 2047, Shetty said the
"My own belief is that when the per capita income moves to