GENERAL3 Oct 2026
Over 7% growth looks certain this year, but next year needs lower oil prices says Nilesh Shah - CNBC TV18
India's growth momentum carried into the second quarter, and Nilesh Shah of Kotak Mahindra AMC says 7% plus growth looks certain this year. He warns of a 12% monsoon deficit, high oil prices and supply-chain disruptions. Inflation is rising, so interest rates may go up. Next year's 7% growth needs lower oil prices. For business owners, that means watching costs and borrowing closely.
Key Statutory Highlights
- Nilesh Shah, MD of Kotak Mahindra AMC, says 7% plus growth for the current year looks certain and the momentum has continued in the second quarter.
- He flagged a 12% monsoon deficit, oil prices moving back into triple-digit levels and emerging supply-chain disruptions as risks to growth.
- Foreign portfolio investors have sold Rs 2.5 trillion this calendar year, and more than $50 billion of issuances over three years have put pressure on markets.
Actionable Advice for Taxpayers / Founders:Keep a close watch on oil prices, inflation and any interest rate signals before committing to fresh loans or large expenses, and speak to your CA if your borrowing costs or margins are under strain.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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