
Budget 2026 may assume 10-10.5% nominal GDP growth, say economists
Vishrut Rana, Asia-Pacific economist at S&P Global Ratings, and Kanika Pasricha, Chief Economic Advisor at Union Bank of India, discussed the drivers of India’s potential growth, now pegged at 7%, including demographics and upskilling. However, they said the Reserve Bank of India’s policy decisions will continue to be driven primarily by inflation targets rather than growth metrics.










