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Meeting No: 2514 980 2483
Password: economy

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Abstract

The Indian economy, valued at over $3.7 trillion (2025), is among the fastest-growing globally, with a projected GDP growth rate of 6.5%. This analysis explores key sectors such as agriculture, industry, and services, alongside fiscal and monetary policies shaping growth. It examines challenges like unemployment, inflation, income inequality, and regional disparities, while assessing the impact of reforms, digitalization, and globalization. The study also evaluates India’s sustainable development efforts and resilience amid global uncertainties. This webinar will deliberate on the Indian economy reflects a dynamic blend of opportunities and challenges, driven by innovation, policy evolution, and socio-economic diversification.

About the Speakers

Ashima Goyal

Ashima Goyal is Advisor at EGROW Foundation. She has provided consultancy to ADB, DEA, GDN, UNDP, RBI, UN ESCAP and WB. She is active in the Indian policy debate; and has served on several government committees, including the Economic Advisory Council Prime Minister and the RBI technical advisory committee for monetary policy, and boards of educational and of financial institutions. She is former Member of RBI's Monetary Policy Committee, an independent director at Edelweiss Financial Services and SBI General Insurance.

Ashima Goyal edits a Routledge journal in macroeconomics and finance and contributes a monthly column to the Hindu Business Line. She was a visiting fellow at the Economic Growth Centre, Yale University, USA, and a Fulbright Senior Research Fellow at Claremont Graduate University, USA. Her research has received national and international awards. She won two best research awards at GDN meetings at Tokyo (2000) and Rio de Janeiro (2001), was selected as one of the four most powerful women in economics, a thought leader, by Business Today (2008); was the first Professor P.R. Brahmananda Memorial Research Grant Awardee for a study on History of Monetary Policy in India since Independence (2011), which was published by Springer in 2014; received the SKOCH Challenger Award for Economic Policy (2017); Hindu College OSA Distinguished Alumni Award and 20th FLO FICCI GR8 Beti Award for Excellence in Economics (2018).

Ashima Goyal is widely published in institutional and open economy macroeconomics, international finance and governance, with more than a hundred articles in national and international journals. She has also authored and edited a number of books including Macroeconomics and Markets in Developing and Emerging Economies (Routledge: UK. 2017) and A Concise Handbook of the Indian Economy in the 21st Century (OUP: India, 2019).

Ajit Pai

Ajit Pai is Strategy Lead Partner, Government and Public Sector, at EY’s Strategy and Transactions Group. Previously, he was Distinguished Expert, NITI Aayog, where he headed Economics & Finance and oversaw Public Disinvestment and performance of Central Public Sector Enterprises. He was also Consultant to the Vice Chairperson of NITI Aayog, the nodal officer for the Ministry of Finance, its subsidiary departments, and handled matters related to the World Bank, IFC, IMF, ADB, NDB, OECD, and the G20. Mr. Pai is also Chairman, Delhi Urban Art Commission (DUAC), a statutory body created by an Act of Parliament in 1973, to advise the Government of India in the matter of preserving, developing and maintaining the aesthetic quality of urban and environmental design. Prior to this, he had a career in the private sector including working internationally at firms like McKinsey, Lazard, Thomas Weisel Partners and Stifel Financial, the latter two as Managing Director. Mr. Pai holds a B.Arch. from the School of Planning and Architecture, New Delhi, a M.Arch. from the Yale School of Architecture and a MBA from the Yale School of Management. He attended Yale University as a Tata Scholar and also served as a John M Olin Fellow for research in markets and regulatory behavior.

Arjun G Nagarajan

Arjun G Nagarajan is Chief Economist Sundaram Mutual. He has over 13 years of experience in the field of Economics, and his primary responsibility is to ascertain future macro trends and their impact on domestic and international markets. This includes predicting outcomes in developed and emerging market currencies and fund flows.