Shillong: Rahul Gandhi recently warned of an economic tsunami in India. The data says otherwise. New government and bank reports confirm the nation remains the fastest-growing major economy on the planet. India posted a strong 7.7 percent GDP growth for FY26.
This performance leaves global competitors in the dust. While India surged, Germany managed only 0.4 percent growth and Japan hit 0.8 percent. BJP leader Amit Malviya swiped at Gandhi for his dire predictions. He stated that the latest growth figures act as a "tsunami that has washed away his latest sinister attempt to malign India."
Economic buffers are solid. Foreign exchange reserves hit 682.3 billion dollars by late May. This provides enough cash to cover 11 months of imports. Inflation also stays low, averaging just 1.7 percent through the end of 2025. The Reserve Bank of India maintains a repo rate of 5.25 percent to keep the momentum steady.
External risks from Middle East instability exist. Yet, India keeps growing. The RBI and International Monetary Fund cite strong domestic demand and service exports as the primary engines for this stability. Prudent policy keeps the ship upright despite global volatility.
Comments