All posts tagged: fastestgrowing

India remains fastest-growing major economy despite global headwinds: World Bank

India remains fastest-growing major economy despite global headwinds: World Bank

Published by Webster

India is expected to remain one of the fastest-growing major economies in the world, even as global growth slows down due to ongoing geopolitical tensions. According to the latest economic update by the World Bank, India is likely to grow at around 6.6 per cent in FY27, IANS reported. However, rising energy prices caused by the Middle East conflict and disruptions in global supply chains are expected to weigh on economic activity. These external pressures could impact growth, but India’s overall outlook remains relatively strong. Economic resilience supported by strong fundamentals The report highlights that India’s strong macroeconomic fundamentals provide a cushion against global uncertainties. Key factors supporting resilience include high foreign exchange reserves, low inflation, and a stable financial system. Additionally, most of India’s public debt is denominated in the local currency, reducing vulnerability to external shocks. Efforts to diversify trade partners have also helped the country better manage global risks. These factors together act as a buffer, allowing India to maintain steady growth even in a challenging global environment. Importance of private sector-led …

‘Surat country’s fastest-growing city’: CM launches development projects worth Rs 342 cr | Ahmedabad News

‘Surat country’s fastest-growing city’: CM launches development projects worth Rs 342 cr | Ahmedabad News

Published by Parlour News

CHIEF MINISTER Bhupendra Patel on Saturday inaugurated development works worth Rs. 173.78 crore by the Surat Municipal Corporation (SMC) and laid foundation stone for development works worth Rs 169 crore, setting the ball rolling on development projects worth a total of Rs 342 crore. CM Patel said, “Today, Surat city has become an excellent model of development, cleanliness and urbanisation across the country. Surat’s cleanliness is the result of the changes and the people’s love for cleanliness. Surat has now left even metropolises such as Mumbai behind in terms of cleanliness, discipline and modern urban planning.” Highlighting the development of Surat, which has become the growth engine of the state’s development, as a model, CM Patel said, “Surat is the fastest-growing city of the country and, due to the vast industrial development, people from all over India have settled here for employment, which is why Surat has earned the title of ‘Mini India’. Known as the diamond and textile capital, Surat is also a leader in cleanliness, green mobility and sustainable development.” Under the state …

India to grow 6.4 percent in 2026-27, remain fastest-growing major economy: IMF

India to grow 6.4 percent in 2026-27, remain fastest-growing major economy: IMF

Published by Webster

India is set to retain its position as the world`s fastest-growing major economy over the next two years, even as global growth shows signs of moderation, according to the International Monetary Fund`s (IMF) World Economic Outlook Update released in January 2026. The IMF estimates India`s economy to grow by 7.3 per cent in 2025, followed by 6.4 per cent in both 2026 and 2027, significantly outperforming global and advanced economy averages. On the contrary, world economy is projected to expand at 3.3 per cent in 2025 and 2026, before easing slightly to 3.2 per cent in 2027. India`s robust outlook is underpinned by resilient domestic demand, sustained public investment, and a gradual recovery in private capital expenditure. Compared to other major economies, India`s growth trajectory remains notably stronger: the United States is projected to grow at 2.4 per cent in 2026, China at 4.5 per cent, and the Euro Area at a modest 1.3 per cent. Among emerging and developing Asian economies, India continues to lead, outpacing regional peers and contributing significantly to Asia`s projected …

Finance Minister Sitharaman says `India fastest-growing major economy`

Finance Minister Sitharaman says `India fastest-growing major economy`

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Union Finance Minister Nirmala Sitharaman, while speaking in the Parliament Winter Session, highlighted that the global growth is 3.2 per cent and India is growing at 8.2 per cent. She Sitharaman further indicated that India is becoming the fastest-growing major economy, and every global institution is raising their growth outlook for the country in the current fiscal year (FY26), news agency IANS reported. Sitharaman also stressed that “no dead economy gets a credit rating upgrade”. She further stated that “India got rating upgrades from three major global agencies.”  “IMF`s Chief Kristalina Georgieva said recently, `I`m very big on India because of the boldness of their reforms… India has proven the naysayers wrong’,” the Union Finance Minister told the House. Despite Covid-19, a once-in-a-century pandemic, India has remained the fastest-growing major economy continuously for three to four years. The Union Finance Minister also said, “Is it not something that the people of India should be recognised for? India had to deal with high twin deficits – both the fiscal deficit, which was 4.9 per cent in …

India Remains Fastest-Growing Economy At “Precarious Moment” For World: UN

India Remains Fastest-Growing Economy At “Precarious Moment” For World: UN

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United Nations: India remains the fastest-growing large economy and is expected to record a 6.3 per cent growth this fiscal year, while the global economy faces a “precarious moment,” according to the UN. “India remains one of the fastest growing large economies driven by strong private consumption and public investment, even as growth projections have been lowered to 6.3 per cent in 2025” from the 6.6 per cent made in January, Ingo Pitterle, a senior economic affairs officer, said on Thursday. The UN’s mid-year update of the World Economic Situation and Prospects (WESP) report said India’s economy is projected to grow a tad faster next year at 6.4 per cent, even though it is also 0.3 per cent lower than the January projection. “The world economy is at a precarious moment,” the report warned. “Heightened trade tensions, along with policy uncertainty, have significantly weakened the global economic outlook for 2025.” “It’s been a nervous, time for the global economy,” Shantanu Mukherjee, the director of the Economic Analysis and Policy Division, said at the release of …

India’s air passenger growth may outpace China’s from 2026; likely to be fastest-growing major aviation market over next 3 decades | Business News

India’s air passenger growth may outpace China’s from 2026; likely to be fastest-growing major aviation market over next 3 decades | Business News

Published by Parlour News

The growth rate of India’s air passenger traffic appears set to overtake that of China in 2026, and the former is likely to be the world’s fastest-growing large aviation market over the next three decades, per projections from global airports industry body Airports Council International (ACI). While China’s size as an aviation market is notably bigger than India, the pace of the latter’s growth is expected to gather pace amid rapidly growing air travel demand from a massive population base whose per capita air travel is low, which in turn points to a significant growth potential. China, on the other hand, is already at a level of relatively greater maturity as an aviation market, and the scope of speedy growth may be limited vis-à-vis India. Nevertheless, ACI’s long-term projections show that China is likely to overtake the US as the world’s largest aviation market by passenger numbers by 2053. India, despite the expected faster growth, is likely to maintain its position as the world’s third-largest aviation market over the next 30 years. The relatively high …

India To Grow By 6.5% This Year, Remain Fastest-Growing Economy: Report

India To Grow By 6.5% This Year, Remain Fastest-Growing Economy: Report

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New Delhi: India is expected to grow by 6.5 per cent in 2025 on the back of continued robust public spending and ongoing monetary easing, even as the world economy is on a recessionary trajectory, driven by escalating trade tensions and persistent uncertainty, a UN report said. The UN Trade and Development (UNCTAD) in its new report, ‘Trade and Development Foresights 2025 – Under pressure: Uncertainty reshapes global economic prospects’, said that global growth is projected to slow to 2.3 per cent in 2025, placing the world economy on a recessionary path. The report released on Wednesday cites mounting threats, including trade policy shocks, financial volatility and a surge in uncertainty that risk derailing the global outlook. India is projected to grow by 6.5 per cent in 2025, slightly lower than the 6.9 per cent growth of 2024 but still maintaining its status as the fastest-growing major economy, the report said. UNCTAD “estimates that India will grow by 6.5 per cent in 2025 on the back of continued robust public spending and ongoing monetary easing. …

India is one of the fastest-growing major economies in world: PM Modi

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Stressing the importance of making India a developed nation by 2047, Prime Minister Narendra Modi on Friday said that India is one of the fastest-growing major economies in the world today and highlighted the economic statistics for the latest quarter that emerged yesterday. Addressing a public rally in Dhanbad`s Sindri, PM Modi underlined that the growth rate of 8.4 percent registered during the financial quarter from October to December 2023 showcases India`s growing potential and fast-paced development towards realising the goal of Viksit Bharat. “In the last 10 years, we have worked for Jharkhand while prioritizing the development of the tribal community, poor, youth and women. We have to make our country `Viksit` before 2047. India is among the fastest-moving economies in the world… India has performed better than all expectations. The economic growth rate for the quarter of Oct-Dec was 8.4 per cent… For a `Viksit Bharat`, making Jharkhand a developed state is equally important,” the Prime Minister said. “It is equally important to make Viksit Jharkhand for the creation of Viksit Bharat”, the …