Even as concerns grow over the sustainability of India's economic expansion amid the West Asia conflict, rising oil prices and a weakening rupee—factors that prompted the Reserve Bank of India (RBI) to lower its growth projection for the current year—Defence Minister Rajnath Singh on Saturday said India continues to stand out as the "world's fastest-growing major economy" despite the prevailing global uncertainty.
In a post on X, Singh said, "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 and Transform."
He added, "At a time when many countries are facing economic uncertainty, India continues to stand out as the world's fastest-growing major economy."
Singh further said that under the leadership of Prime Minister Narendra Modi, India has successfully 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," he said.
"As India moves towards the vision of Viksit Bharat, this growth story continues to create new opportunities and strengthen the aspirations of 140 crore Indians," Singh added in his post.
(With inputs from ANI)