New delhi, May 30 -- India's economy is expected to grow in the range of 6.3-6.8% in FY26, as noted in the Economic Survey and may sustain this over a longer period despite an uncertain global and political environment, chief economic advisor V Anantha Nageswaran said on Thursday. He added that there were several positives for India in terms of opportunities in sectors hit by US tariffs, a favourable monetary policy environment that promotes growth, the tax relief given to the middle class this year and the progress and even distribution of the monsoon. "So, if you count these positive factors, to be able to achieve the growth rate between 6.3% and 6.8% that we pencilled in the Economic Survey and sustain it for a longer period seems like a reasonable prospect. The International Monetary Fund agrees with us," Nageswaran said during his keynote address at the CII Annual Business Summit 2025 in New Delhi. Nageswaran advised Indian industry to be prepared to deal with a stronger currency in the coming years by becoming more competitive through productivity improvements. Deregulation, both at the policy level and corporate level, will play an important role here, he added. He cautioned, however, that industry not be overly cautious in this uncertain global economic and political environment. "From a short-term, cyclical perspective, we should not be overly consumed by global uncertainty. We are a domestic economy with 60% private consumption share of GDP. To sustain this, capital formation by private sector, taking over the mantle from the government of last six years. investing, hiring, compensating, creating aggregate demand growth and therefore justifying investments made, is a virtuous endogenous circle, which we need to recognise and tap into," he added. He also urged the industry to partner with the government on deregulation to propel growth. ". India has to create eight million livelihoods at a minimum every year, excluding agriculture, and therefore we have to have policies....