{
  "id": 11955493,
  "title": "India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta Das",
  "url": "https://urgent.news/2026/10/04/india-within-striking-distance-of-8-gdp-growth-resilience-not",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T15:18:41.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/india-within-striking-distance-of-8-gdp-growth-resilience-not-accidental-shaktikanta-das/articleshow/134677172.cms"
  },
  "original_language": "en",
  "account": "New Delhi - India is on the brink of achieving an 8% GDP growth rate, according to Shaktikanta Das, Principal Secretary-2 to the Prime Minister. Addressing the Kautilya Economic Conclave, Das emphasized that India's resilience is not accidental, but the result of broad and mutually reinforcing reforms across several key areas. These include artificial intelligence (AI), deepening of the financial sector, strategic self-reliance, sustainable development, and human capital development.\n\nDas highlighted the complexities of the current global economic situation, which is characterized by wars, fragmentation, unilateralism, tech blockades, energy price volatility, and rising inflation. He warned that the interplay of these forces could stifle global growth, leading to restrictive monetary policies by central banks.\n\nDespite these challenges, India's real GDP grew by 7.8% in the first quarter of FY27, driven by strong domestic demand and investment conditions. Das attributed India's resilience to three main factors: strengthening governance and state capacity, building macroeconomic stability, and investing in long-term productive capacity. He noted that India's development journey over the past decade has been marked by the creation of governance foundations before crises emerged.\n\nDas emphasized that India's policies have focused on fiscal consolidation and sustainable debt management, with reforms like flexible inflation targeting, GST, digital payments, and banking reforms being strategically important. He also highlighted significant improvements in infrastructure, financial inclusion, housing, and welfare delivery, which have contributed to stronger citizen-state engagement.\n\nThe government has been actively working on building domestic capabilities in areas where India is largely dependent on imports, such as rare earth permanent magnets for automobile and electronic hardware manufacturing. Das stressed the importance of continuing structural reforms, completing the reform agenda, and maintaining a focus on stability in fiscal, monetary, and overall terms.",
  "summary": "With an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedicated to increasing domestic capabilities in crucial areas such as energy and manufacturing. Significant measures are being implemented to strengthen long-term finance and bolster involvement in global supply chains.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "India’s resilience to global shocks built on broad reforms: Shaktikanta Das",
        "url": "https://urgent.news/2026/10/04/indias-resilience-to-global-shocks-built-on-broad-reforms-shaktikanta",
        "published": "2026-10-04T14:20:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}