India's Finance Secretary Tuhin Kanta Pandey expressed confidence in the country's economic growth. He cited positive factors such as a good monsoon, high reservoir levels, and a rebound in rural demand. Speaking at the CNBC-TV18 Global Leadership Summit, he acknowledged a temporary slowdown in government capital expenditure due to the electoral cycle but expects an increase in spending soon.

Despite facing challenges, Pandey highlighted the resilience of the Indian economy. It has maintained an annual growth rate exceeding 8 percent over the past three years. He also mentioned a decline in inflation rates, attributing the recent 6.2 percent growth figure to volatility in five specific items.