Will India Surpass the $4 Trillion Economy This Fiscal Year?
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Synopsis
India's economy is on the verge of hitting a remarkable $4 trillion mark this fiscal year, according to Chief Economic Advisor V. Anantha Nageswaran. With significant job creation and a commitment to net-zero emissions by 2070, India is navigating challenges in a dynamic global landscape while fostering economic growth aligned with environmental goals.
Key Takeaways
- India's economy is projected to cross the $4 trillion mark this fiscal year.
- Strong economic growth is vital in a changing geopolitical landscape.
- India pledges to achieve net-zero emissions by 2070.
- Approximately 8 million jobs need to be created annually to leverage the demographic dividend.
- AI should enhance human work, especially in critical sectors.
New Delhi, Nov 25 (NationPress) Chief Economic Advisor V. Anantha Nageswaran announced on Tuesday that India's economy is set to exceed the $4 trillion threshold in the ongoing financial year.
At the IVCA Green Returns Summit 2025, he elaborated that India, currently ranked as the world's fifth-largest economy with a GDP of approximately $3.9 trillion, is on track to surpass the $4 trillion milestone as economic growth persists.
Nageswaran emphasized that robust economic growth is crucial amidst a global geopolitical landscape that is in a “huge state of flux”.
He believes that a rapidly growing economy enhances India's strength and influence internationally.
Additionally, he highlighted the importance of balancing economic expansion with environmental responsibilities.
As India navigates energy transitions, climate initiatives, and efforts to green the economy, these actions must align with national objectives for both the short and medium term.
Nageswaran acknowledged India's awareness of the risks associated with climate change and its effects on agriculture, the environment, and coastal areas.
"Therefore, all initiatives related to greening the economy, energy transition, and addressing climate change must correspond with our priorities in the near and medium terms," he stated.
He reiterated India's commitment to achieving net-zero emissions by 2070.
“We’re dedicated to reaching net-zero by 2070, ensuring our approach aligns with developmental goals. Access to affordable energy and reducing energy intensity will be pivotal in addressing climate challenges. Innovation and startups will play a key role in this journey,” he mentioned.
Earlier this month, Nageswaran indicated that India needs to generate nearly 8 million jobs each year over the next 10–15 years to leverage its demographic dividend, which has a limited window.
While participating in a webinar co-hosted by the Indian Council for Research on International Economic Relations (ICRIER) and Prosus at their Centre for Internet and Digital Economy, CEA Nageswaran underscored that artificial intelligence (AI) should complement human capabilities rather than replace them, especially in the fields of healthcare and education.
Point of View
It is crucial for India to focus on sustainable economic growth. The insights from CEA Nageswaran highlight not only the ambitious economic targets but also the necessity of aligning these goals with environmental responsibilities. As the nation strives for progress, ensuring a balance between development and ecological preservation will be key to India's future.
NationPress
25/11/2025
Frequently Asked Questions
What is India's current GDP?
India's current GDP is approximately $3.9 trillion.
What is the target for India's net-zero emissions?
India aims to achieve net-zero emissions by 2070.
How many jobs does India need to create annually?
India needs to create nearly 8 million jobs each year over the next 10–15 years.
What role will AI play in India's economy?
Artificial intelligence (AI) is expected to enhance human work, particularly in sectors like healthcare and education.
What event did Nageswaran speak at?
Nageswaran spoke at the IVCA Green Returns Summit 2025.
