India defies global headwinds, retains title of world’s fastest-growing major economy

Defense Minister Rajnath Singh on June 6 said that at a time when many countries are facing economic uncertainty, India continues to stand out as the world’s fastest-growing major economy.

He further said that India’s economy grew by 7.7 per cent in FY 2025-26, with growth accelerating to 7.8 per cent in the fourth quarter, underscoring its resilience and the underlying strength built over the last 12 years through the mantra of 'Reform, Perform, Transform'.

Defense Minister Singh took to social media 'X' and said, "At a time when many countries are facing economic uncertainty, India continues to stand out as the world’s fastest-growing major economy. India’s economy grew by 7.7 per cent in FY 2025–26, with growth accelerating to 7.8 per cent in the fourth quarter, underscoring its resilience and underlying strength built over the last 12 years through the mantra of 'Reform, Perform, Transform'.

"Under the leadership of Prime Minister Shri Narendra Modi, India has combined economic growth with stability, confidence, sustainability, and credibility. His unwavering commitment to nation-building, focus on innovation, infrastructure, and entrepreneurship, and ability to steer the country through unprecedented global challenges have transformed India into a confident, resilient, and globally respected economic power. As India marches towards the vision of 'Viksit Bharat', this remarkable growth story continues to create new opportunities and strengthen the aspirations of 140 crore Indians."

Prime Minister Narendra Modi on Friday also hailed the latest growth figures, stating that the expansion reflected the “inherent strength” of the economy, the “success of reforms” and the “hard work of 140 crore Indians”.

"India’s growth momentum remains strong! GDP growth rate of 7.7 per cent in FY 2025-26 and 7.8 per cent in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore Indians. We shall leave no stone unturned to further ‘Ease of Living,’ ‘Ease of Doing Business’ and increase opportunities for our youth," PM Modi posted on X.

According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s economy expanded by 7.7 per cent during 2025-26, higher than the 7.1 per cent growth recorded in 2024-25.

The GDP growth rate for the January-March quarter of FY26 was estimated at 7.8 per cent. “Real GDP, or GDP at constant prices, is estimated to attain a level of Rs 323.12 lakh crore in 2025-26, against the First Revised Estimate (FRE) of Rs 299.89 lakh crore in 2024-25,” the ministry said.

Nominal GDP, or GDP at current prices, was estimated at Rs 346.36 lakh crore in FY26, compared with Rs 318.07 lakh crore in FY25, reflecting a growth rate of 8.9 per cent.