UN Economist Christopher Garroway
Business
M
Moneycontrol09-01-2026, 13:29

India to Remain Fast-Growing Economy Amid Global Headwinds, Says UN Economist

  • UN economist Christopher Garroway states India will continue as a fast-growing economy, buffered by monetary easing, tax reforms, consumption, and public capex.
  • The UN projects India's growth at 6.6% in 2026, 7.4% in 2025, and 6.7% in 2027, driven by resilient consumption and strong public investment.
  • India's public debt is largely domestic, making it less vulnerable to global economic shocks; only 3% of its Rs 181.68 lakh crore debt is external.
  • India benefits from shifting global value chains, attracting investments in electronics and telecom, with potential for AI growth.
  • Despite potential US tariffs, India is diversifying exports to new markets like Russia for seafood, and its large domestic economy provides resilience.

Why It Matters: India's robust domestic economy, strategic reforms, and diversified trade position it for sustained growth despite global challenges.

More like this

Loading more articles...