Anish Shah, the newly-elected president of FICCI, anticipates India's economy to grow at 7.5-8% in the current fiscal year and 8% in 2024-25. Citing robust momentum, positive sentiments, and increasing private investments, Shah sees a continuation of the strong growth witnessed in the first and second quarters of 2023-24.
Despite potential geopolitical pressures, particularly in regions like Israel-Gaza and Ukraine, Shah expresses confidence in India's growth trajectory. He emphasizes the importance of maintaining growth momentum and highlights the readiness of Indian companies to play a larger role if the world faces an economic crisis. Ficci's focus remains on initiatives like Make in India, women-led development, and sustainable farm prosperity.