India Retains Fastest-Growing Large Economy Tag With 7.8% GDP Growth: Kwatra
India's GDP growth of 7.8% in the first quarter of the 2026-27 fiscal year reinforces its position as the world's fastest-growing large economy, Indian Ambassador to the US Vinay Kwatra said as he rang the opening bell at Nasdaq in New York. “India is undergoing a significant economic and technological transformation, driven by a strong entrepreneurial ecosystem, expanding digital capabilities…
India's first quarter GDP growth of 7.8% in the 2026-27 fiscal year underscores its status as the world's fastest-growing large economy, according to Indian Ambassador to the US Vinay Kwatra. Kwatra highlighted this economic and technological transformation during a Nasdaq opening bell ceremony in New York, crediting a robust entrepreneurial ecosystem, advancing digital capabilities, and a youthful, skilled workforce.
The ambassador emphasized the critical role of technology, capital, infrastructure, and skilled professionals in the growing India-US partnership, particularly through collaboration with Nasdaq-listed technology companies. Kwatra reiterated India's commitment to the "Viksit Bharat 2047" vision, expressing anticipation for an even more robust partnership with American businesses, investors, and institutions.
The opening bell ceremony, carried out by Kwatra on behalf of the Indian government, people, and Finance Minister Nirmala Sitharaman, symbolizes a deeper bond between the two nations, emphasizing confidence in enterprise and innovation.
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