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India's Chief Economic Advisor V Anantha Nageswaran stated that the country's economy is set to cross the USD 4 trillion mark during the ongoing financial year, rising from about USD 3.9 trillion at the end of the previous fiscal. He noted that India's economic strength is crucial at a time when global geopolitics remains unpredictable. Speaking at the IVCA Green Returns Summit 2025, he stressed that India's climate goals, energy transition plans, and environmental policies must align with national priorities. He also pointed to India's long-term commitment to achieving net-zero emissions by 2070.
India's Chief Economic Advisor V Anantha Nageswaran said during the IVCA Green Returns Summit 2025 that the country's economy is on track to cross USD 4 trillion within the current financial year. This projection reflects a steady rise from India's GDP of around USD 3.9 trillion recorded at the close of the last fiscal, when the country maintained its position as the world's fifth-largest economy. Advertisement
He explained that the global geopolitical environment remains highly unsettled, making consistent economic growth essential for India to preserve its influence and stability in international affairs. He added that India therefore needs to manage its climate and energy-related decisions in a way that supports both short-term development goals and medium-term economic plans.
Nageswaran highlighted that India is fully aware of the risks associated with climate change, ranging from environmental pressures to its possible impact on agriculture and coastal regions. He reiterated that these concerns form the basis of India's long-standing climate commitments, including the national target of achieving net-zero emissions by 2070.
Source PTI
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