India's Chief Economic Advisor, V Anantha Nageswaran, has expressed strong confidence that the nation's economy is poised to achieve a significant milestone, crossing the $4 trillion mark within the current financial year (FY26). This projection underscores the robust growth trajectory of the world's fifth-largest economy.
Economic Milestone and Global Standing
Speaking at the IVCA Green Returns Summit 2025, Nageswaran stated that the Indian economy is already in the process of crossing the $4 trillion mark. This comes from a base of approximately $3.9 trillion at the end of March 2025. He emphasized that in a world where geopolitics is in a "huge state of flux", sustained economic growth is a vital prerequisite for maintaining and enhancing India's standing and leverage on the global stage.
Aligning Economic and Climate Priorities
Nageswaran strongly underlined the necessity of integrating the country's climate and environmental objectives with its immediate and medium-term economic priorities. He detailed that initiatives concerning greening the economy, energy transition, and dealing with climate change and climate volatility must be carefully aligned with the nation's development goals.
The Chief Economic Advisor highlighted that India is acutely aware of the potential consequences of global warming, particularly for critical sectors like agriculture and the nation's vast coastlines. This awareness forms the foundation of the country's long-term commitment. India is committed to achieving net zero emissions by 2070, a goal that Nageswaran reaffirmed during his address.
Key Takeaways for India's Future
The announcement signals a period of historic economic expansion for India. The journey from a $3.9 trillion economy to crossing the $4 trillion threshold within a single fiscal year highlights remarkable momentum. This growth provides the essential capital and capacity needed to fund the nation's ambitious green transition and climate resilience efforts, ensuring that environmental sustainability and economic progress move forward in tandem.
