FICCI President Anant Goenka says India is in a 'sweet spot' for sustained growth, forecasting GDP above 7% in FY26 amid solid macro fundamentals and ongoing reforms.

Policy and business-environment priorities include ease of doing business, strengthened trade and supply chain security, and advancing manufacturing excellence with a focus on quality, greater female workforce participation, and sustainable practices.

The overall outlook for India's growth is positive, supported by a strategic plan to bolster manufacturing and investment through reforms, policy alignment, and stronger industry collaboration.

Goenka advocates deeper collaboration with states to improve the business climate, push further rule simplification, and adopt trust-based governance to ease doing business.

FICCI prioritizes increasing manufacturing’s share of GDP from about 15–17% toward 20–25%, including boosting R&D spending to over 1% of GDP and strengthening industry–academia partnerships.

India’s Q2 GDP growth of 8.2% underscores momentum driven by public investment, services, industry, and consumption, with domestic demand revival noted after GST-related measures.

Despite headwinds for private investment—such as insolvency concerns, softer demand post-COVID, and global trade uncertainty—the trend is improving, with macro indicators turning favorable.

Reforms like the revised income tax slab, GST adjustments, and labour-code changes are expected to strengthen macro fundamentals and spur higher private investment in capex and greenfield projects as capacity utilization rises.