According to the Chief Economic Advisor, V. Ananth Nageswaran, the external situation in India has improved tremendously. The fundamentals of the Indian economy in general are better placed to face global surprises. During an event, Nageswaran explained that the risks associated with the external situation have fallen significantly.

Moreover, the Reserve Bank of India has less need for using its foreign exchange reserves to prop up the rupee currency. Also, according to Nageswaran, the worst time in terms of external factors has passed for India. All these improvements were due to the effective management of the economy and timely measures taken amid the global recession. Nageswaran supported the GDP growth projection of 6.6 percent made by the RBI for 2026-27.

To achieve the goal of a "developed India," the country will need to maintain an economic growth rate of around eight percent for a long time, Nageswaran said. However, he also mentioned some potential challenges. If geopolitical tensions in West Asia persist for a long time, economic growth could be impacted. Growth rates will also be impacted if crude oil prices remain consistently above $100 per barrel. In such a situation, the growth rate could decline to around six percent.

On the subject of employment and technology, Nageswaran emphasized the need to create new opportunities in the field of artificial intelligence. He said that employees need to develop skills that enable them to work with artificial intelligence. This will make them less affected by changes brought about by automation. Former NITI Aayog CEO Amitabh Kant also emphasized the need for artificial intelligence preparedness. He said that artificial intelligence will become a common technology in the future. India needs a strong talent base and big data resources to achieve global leadership in this field.

The Chief Economic Advisor stated that listed companies have begun to increase investment, indicating an improvement in the private capital expenditure cycle. The rural economy is also expected to support growth. Nageshwaran expressed a positive outlook for the upcoming Kharif season. Increased water levels in reservoirs and improved sowing conditions will support agricultural production. Amitabh Kant described artificial intelligence as a transformative force, saying it could increase productivity on a scale even greater than the advent of electricity and computers.