Tata Steel MD & CEO TV Narayanan discussed India's economic growth, demand trends, export opportunities under FTAs, EU regulations, and green steel transition in an interview with NDTV Profit

Mon 5 Oct 2026

India Q1 GDP growth

7.8 percent

Heard on business television between 12:11:30 - 12:14:30 IST.

• Said India's Q1 GDP growth of 7.8% was supported by strong sectoral numbers, with construction and auto sectors doing extremely well across two, three, four wheelers and commercial vehicles.
• Noted both urban and rural economies are strong, and monsoon deficit has been largely caught up.
• Flagged risks from Middle East tensions, input cost inflation and global interest rates/bond yields as external watch points.
• Said FTAs are opening export markets for steel, but EU regulations (tariff and non-tariff barriers) require India to balance global integration with incentivizing investment domestically.
• On green steel, said timing depends on regulatory framework, customer willingness to pay more, and policy support, noting Europe is ahead due to stronger ecosystem; Tata Steel has invested in greener steel facilities in India.

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