India’s growth has the world rewriting its forecast
India's robust economic growth is causing global forecasts to be revised upward, according to MoSPI Secretary Saurabh Garg. Speaking at the Kautilya Economic Conclave, Garg highlighted the country's sustained investment, robust corporate activity, and resilient performance as key factors driving the change. The first quarter of FY27 saw the economy expand by 7.8%, surpassing expectations and signaling continued momentum.
International ratings agencies, such as S&P Global Ratings and Fitch Ratings, have recently raised their growth projections for India, reflecting the positive trends seen in corporate earnings, investment activity, and capital expenditure. Despite global concerns and risks from West Asia, Garg emphasized that the Indian economy has remained resilient, thanks to government interventions and adaptive responses from households and businesses.
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