The recent policy measures, including the income tax relief and the goods and services tax ( GST ) rate rationalization, have improved the economic growth prospect to near-7% for the current financial year, despite global headwinds, chief economic advisor V Anantha Nageswaran said on Wednesday.

The Economic Survey tabled in Parliament in January had projected real economic growth at 6.3-6.8% for FY26. The CEA has so far been sticking to this range, but after the Q1 GDP growth came in at a better-than-expected 7.8%, he indicated the growth for the full year could be around the upper end of the range.

Speaking at the India Maritime Week in Mumbai, Nageswaran noted three global rating agencies have recently upgraded their ratings on India, and if the country continues on the same track,

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