Economic adviser Nilesh Shah expects around 7% growth for India in 2026

The Economic Times, carrying an ANI report, says Nilesh Shah, a member of the Prime Minister's Economic Advisory Council, expects India to grow around 7% in 2026 and in the future. He cited good second-quarter momentum but warned that rising oil prices could affect inflation, interest rates, the rupee and corporate profits. Shah also argued that maintaining India's UPI payments system requires funding.