A UN report flags India as the region’s strongest growth engine, backed by domestic demand and services, even as global energy disruptions and trade pressures weigh on Asia Pacific economies.
Growth is expected to moderate to 6.6–6.9% in FY2026-27, reflecting a high base and continued global uncertainties.
Gross value added (GVA) growth is pegged at 7.3%, while nominal GDP growth is estimated at 8% in FY26, lower than the 9.8% expansion seen in the previous year.
The growth projection for the current fiscal is lower than the Reserve Bank of India (RBI) and government’s projection of 7 per cent.
The growth rate in the third quarter of the 2023-24 Financial Year was estimated to grow at 6.6 per cent.
India's economy contracted by 7.3 per cent in fiscal 2020-21.
