India GDP forecast stays at 7%, uncertainty range remains wide: NITI Aayog’s Arvind Virmani
- Posted on October 3, 2026
- By Business News Today
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- 1 min read
In brief
India's economic trajectory remains resilient as NITI Aayog's chief economist maintains a 7% GDP growth projection amid persistent global uncertainties. With fluctuation margins of ±1%, the forecast reflects cautious optimism tempered by unresolved international trade tensions and shifting geopolitical dynamics. Meanwhile, policymakers are preparing for a strategic transition in UPI payment infrastructure, gradually phasing out subsidies to establish market-driven pricing mechanisms while preserving the platform's foundational growth.
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India GDP forecast stays at 7%, uncertainty range remains wide: NITI Aayog’s Arvind Virmani
NITI Aayog Member Arvind Virmani has retained his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%, citing unresolved trade issues and global developments. He also backed a gradual shift towards cost-based UPI MDR after the subsidy helped establish the payments platform.
