Wednesday 25 / March / 2026
New Delhi: India’s economy continues to grow rapidly, with Gross Domestic Product expected to rise by 7.6 per cent in FY 2026, and exports likely to stay steady at 6 per cent.
Looking ahead, growth is expected to remain above 7 per cent in FY 2027, even as global growth is projected to fall below 3 per cent.
Despite geopolitical and tariff challenges, India has grown by more than 7 per cent over the past three years. The Purchasing Managers’ Index at 56.9 for manufacturing and 58.1 for services was the highest am
Indian industry has consistently demonstrated strong resilience despite supply chain disruptions caused by the ongoing conflict in West Asia, President Designate of Confederation of Indian Industry R Mukundan said, adding that government reforms and support measures are helping businesses navigate global uncertainties.
Mukundanis also Managing Director and CEO of Tata Chemicals and Chairman of the CII National Committee on Chemicals and Petrochemicals.
"Indian industry has consistently demonstrated strong resilience in the face of global uncertainties, including geopolitical tensions and supply chain disruptions. The continued robust performance of the Indian economy reflects the strength of its policy framework and the impact of sustained reforms undertaken by the Government to enhance competitiveness, improve ease of doing business, and strengthen the manufacturing ecosystem," Mukundan said in a statement issued today.
He added that policy reforms have created a favourable environment for some sectors like chemicals and petrochemicals.
"For sectors such as chemicals and petrochemicals, these initiatives have created a conducive environment for investment, capacity expansion, and deeper integration with global value chains," he said.
Mukundan also expressed confidence that the sector will continue to contribute to India's economic growth.
"With strong domestic demand and a stable policy environment, the industry remains confident of contributing meaningfully to India's growth story while supporting the country's emergence as a reliable global manufacturing hub," he said.
He further welcomed the government's RELIEF initiative, aimed at supporting exporters amid global disruptions.
