MUMBAI: India’s growth story, anchored in domestic consumption demand, strong government investments, and improving private sector participation, has helped the country stand out as a resilient economy amid global turmoil due to geopolitical uncertainties, according to Sebi chief Tuhin Kanta Pandey.
India’s Resilience Amid Global Challenges
“We are living in uncertain times. Ongoing geopolitical developments, including war in West Asia, continue to affect inflation, trade flows, exchange rates, and external balances. Many economies are navigating uneven recoveries. And yet, amid this uncertainty, India stands out for its resilience,” Pandey said while speaking at ICICI Securities’ India Investor Conference in the city.
Growth Projections and Risks
“India remains one of the fastest-growing major economies, with growth estimated at 7.7% in FY26. However, due to the headwinds, there is some moderation in FY27 growth estimates (to 6.6%), and upside risks of higher current account deficit and inflation,” the Sebi chief said.
Pandey emphasized that India’s growth story was not just about economic expansion. “It is about formalisation. It is about the financialisation of savings. And importantly, it is about trust in institutions.”
Sebi Investigation on Rajesh Exports
While interacting with media, Pandey declined to comment on the ongoing investigation relating to Rajesh Exports, stating that the matter was subjudice. On June 3, Sebi banned Rajesh Mehta, the main promoter and chairman of the company, from trading in the company’s stocks, alleging it inflated revenues worth up to Rs 15.2 lakh crore over five years to FY25. The company has denied the charges.
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