In an exclusive interview, Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, addressed India's latest GDP growth print of 7.8 percent, stating that the '7.8% GDP growth rate is a very strong one.' Sanyal noted that growth was broad-based across manufacturing, construction, and services sectors, supported by public and private investments. Responding to geopolitical risks and inflation concerns, he highlighted the diversification of energy supplies and noted that unemployment rates continue to drift downward according to official data. Addressing political criticisms over corporate profitability versus household consumption, Sanyal dismissed claims of widespread household distress, pointing to record car sales and robust consumer purchases. He also defended the updated GDP base year methodology, explaining that updating baskets to include newer growth sectors aligns with international best practices and standard statistical norms.

Published Sep 06,2026

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