India expected to become $7 trillion economy in seven years: CEA

11 Jan 2023 CW Team

According to Chief Economic Advisor V Anantha Nageswaran, the Indian economy would be worth USD 3 trillion by the end of the current fiscal year 2022-23, and will be worth USD 7 trillion in the next seven years. The government earlier stated that India's economy would reach USD 5 trillion by 2025.

Speaking at a seminar held by MCCI, Nageswaran stated virtually that the calendar year 2023 began in the background of the continuous conflict between Russia and Ukraine, which will "raise geo-political and geo-economic concerns".

The other key factor is China's opening up after two years of the epidemic, and its impact on the global economy, particularly on falling oil and commodity prices, as well as on the growth of the advanced economies of the United States and Europe.

"In these contexts, the Indian economy will be of the size of USD 3 trillion at the end of March 2023 and USD 7 trillion in the next seven years, which is not impossible," Nageswaran said.

The CEA also said the most important issue is that the US is expected to lower its interest rates in 2024 or 2025, which will have an impact on the Indian rupee. The National Statistical Office has predicted that the economic growth of the country in 2022-23 will be seven per cent in real terms and 15.4 per cent in nominal ones, the economist said.

Also Read
Immediate need for transportation decarbonization: Nitin Gadkari
MMRDA issues tender for Metro Line 12

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..