The Indian economy is moving at a high speed and in the current financial year (2025–26) it will not have to face any challenge in achieving a growth rate of more than 6.5 percent. Nagesh Kumar, a member of the Monetary Policy Committee (MPC) of the Reserve Bank of India, said this on Sunday. Kumar said in an interview with ‘PTI video’ that India’s situation in all the economies of the world remains better. He said, “In fact, more than one-third of global economies are facing a debt crisis … industrialized economies are facing heavy pressure, high inflation and lethargy in economic growth.” Kumar said that the Indian economy is more domestic consumption and domestic investment than exports or trade. Because of this, India is still moving fast. He said, “I do not see any problem in the way of growing at the rate of more than 6.5 percent of the Indian economy next year and next year.” He said, “And, you know, hopefully such a growth will continue in the coming years, and at one time it will reach seven to 7.5 percent.” In the previous financial year, it is estimated to grow at a rate of 6.5 percent of the Indian economy in the previous financial year. According to the estimate of the Reserve Bank of India, the country’s economy will grow at the same rate even in the current financial year.

On a question on inflation, Kumar said that the current Consumer Price Index (CPI) based inflation is about two percent and is largely the result of the policy adopted by MPC (Monetary Policy Committee) or RBI. And now it has come under the purview of the goal. Asked if there is scope for further cuts for RBI, he said, “It will depend not only on inflation figures, but on all various large figures.” If inflation comes down to two percent in a month, it does not mean that it will remain at this level. “The central bank has cut one percent in the major policy rate this year. Official data shows that the main inflation in June has come down to 2.1 percent against the target of four percent. The six -member monetary committee of RBI is scheduled to declare its next biological policy in August. Kumar said, “Therefore, MPC will look at the trend of not only inflation figures, but also all other large parameters. On the basis of these, the MPC will have to come to a conclusion. ”The government has targeted the RBI to keep inflation at four percent with two percent decreased. In response to a question on India’s proposed bilateral trade agreement (BTA) with the US, Kumar said, “If we are able to fulfill this agreement, we will get access to the huge market of America in the labor-dominated sector, where India has competitive benefits due to its abundant labor resources.”

Given that business talks are based on transactions, he said, “Keeping some things in mind, we agree to open the market, but a quota can be determined.” This will give the partner the country a limited amount of fee profit for a limited period. He said that the figure of net FDI is low, as more investment is going out. As long as the total FDI flow is good, I am not worried about it. According to Anktad’s latest global investment report, the global FDI flow declined by 11 percent to $ 1,500 billion in 2024. This is the second consecutive year while global FDI flow has declined.