India, Oct. 30 -- While prime minister Narendra Modi stressed that it was the right time for investors to put money in India's maritime sector, the chief economic advisor (CEA) to the government of India V Anantha Nageswaran on Wednesday said that the country's GDP growth in FY 2025-26 would surpass the estimation of 6.3% and would be around 7%. Both were speaking at functions during India Maritime Week, being held from October 27 to 31 in Mumbai. The maritime week also saw a few key memorandums of understanding (MoUs) being signed.

Nageswaran said that the three global rating agencies had upped their ratings for India, and this could lead to the country entering the A rating category in the near future. Claiming that the efforts of the ...