#WATCH | Delhi | Chief Economist at Infomerics Ratings, Manoranjan Sharma, says, "India is expected to grow by 7.4% in FY26. These are impressive numbers. If you place things in a historical and comparative perspective, we find that the global economy is growing by about 2.2%. The advanced economy is growing by about 0.5%. Even in the emerging markets group, India has become an outperformer... This places India in a strong position in terms of nominal GDP. India is likely to achieve 8% growth, and these impressive numbers also provide a strong basis for the Union Budget... This growth rests on five strong pillars: sustained public capital expenditure in infrastructure, transport, and energy; resilient domestic consumption, especially urban demand, which has been impelled by significant relief in direct taxes and, more recently, indirect taxes, as GST rates were slashed. The number of slabs was reduced. So all that gave a significant boost to domestic consumption. The services sector continues to do well, particularly in IT, finance and tourism. There's also strong macroeconomic stability, controlled inflation, and a manageable fiscal deficit. These drivers are real, but their strength and spontaneity need to be constantly monitored to strengthen India's position in the Committee of Nations." (07.01)