Stories
Economic Gravity Shifts East: India Needs Fresh Ideas to Capitalize, Says Shaktikanta Das
C
CNBC TV18•29-09-2026, 19:48
Economic Gravity Shifts East: India Needs Fresh Ideas to Capitalize, Says Shaktikanta Das
- •Shaktikanta Das, Principal Secretary-2 to PM Modi, states that economic gravity is shifting eastwards, urging India to find new ideas and opportunities to benefit from this global change.
- •Das highlights the Global South's increasing economic footprint, which will significantly impact India's future trade strategies.
- •He notes that the global economy faces major shocks from the Covid-19 pandemic, geopolitical tensions, and rising energy prices, leading to low global growth projections.
- •Despite global headwinds, India's economy remains resilient, driven by reforms, infrastructure creation, global integration, fiscal prudence, and inflation management.
- •India recorded an average GDP growth of 7.9% between FY22 and FY26, with strong economic momentum and stable external conditions, but needs to reduce oil and gas import dependence.
Key Questions Answered
Shaktikanta Das stated that economic gravity is shifting eastwards and that India needs to find new ideas and opportunities to benefit from this changing global landscape. He noted that the Global South is steadily increasing its economic footprint, which could impact how India conducts trade in the coming years.
India recorded an annual average GDP growth of 7.9% between FY22 and FY26, according to Shaktikanta Das.
Shaktikanta Das stated that India has to reduce its import dependence on oil and gas and noted that Samudra Manthan will provide a big impetus to hydrocarbon production.
