India Can Sustain 7-8% Growth, Achieve Viksit Bharat 2047: PM-EAC Chairman

• PM-EAC Chairman S Mahendra Dev states India can sustain 7-8% growth, aiming for Viksit Bharat 2047.
• Union Budget 2026 prioritizes macroeconomic stability, fiscal discipline, and competitiveness-led growth over disruptive reforms.
• Budget focuses on public capital expenditure, structural reforms, and expanding free trade agreements amid global uncertainty.
• India-EU trade deal offers significant export growth potential, especially for labor-intensive sectors and services.
• Lower inflation is largely cyclical, but the outlook remains benign; private capital expenditure shows green shoots.