India’s GDP growth seen strong at 6.5 percent: CII

New Delhi

India’s real GDP growth is expected to rise between 6.4 and 6.7 per cent in FY26, keeping India as the fastest-growing major economy in the world, according to the Confederation of Indian Industry (CII).

CII President Rajiv Memani shared this forecast on Thursday in New Delhi, highlighting India’s strength despite global economic and political challenges. He said India stands out as a "bright spot" and has strong internal momentum to face external shocks.

Memani emphasized that India’s success depends on competitiveness built through reforms, innovation, and trust. He added that this is India’s moment to act decisively to achieve global leadership.

To support growth and meet infrastructure needs, CII suggested increasing government revenue through disinvestment. Memani proposed selling about 10 per cent of public sector enterprises’ market value, which could generate around Rs 5 lakh crore. This money could boost public investments, reduce government debt, create a Sovereign Wealth Fund, and help India acquire critical overseas assets and technology.

To help small and medium manufacturers, CII proposed a Capital Support Scheme for R&D, new technology, and job creation.

For affordable industrial land, CII recommended setting up a special task force to suggest policies, making manufacturing more competitive.

CII also focused on energy transition, suggesting the creation of Green Hydrogen and Renewable Energy hubs and developing sector-specific plans, including for transport. A new Mission on Energy Transition will also be launched to encourage companies to adopt low-carbon solutions.

CII believes these steps will help India continue its growth journey confidently, strengthen its global position, and build a strong, sustainable future.