Excelsior Correspondent
JAMMU, Jan 14: Reacting to the latest World Bank Global Economic Prospects report, BJP spokesperson and convener, International Affairs, Gaurav Gupta today said that the global institution’s positive assessment of India’s growth trajectory is a clear and emphatic endorsement of Prime Minister Narendra Modi’s visionary economic leadership and reform-driven governance.
Highlighting key projections, Gupta noted that the World Bank has upgraded India’s FY26 growth estimate to 7.2 percent, a sharp revision of 0.9 percentage points, reflecting the country’s robust economic performance in the first half of the fiscal year. The report further projects growth of 6.5-6.6 percent in FY27, underlining sustained momentum despite external challenges.
“The fact that India’s growth outlook remains stable despite higher US tariffs on certain exports clearly shows the strength of our domestic fundamentals,” Gupta remarked. “Strong private consumption, improving rural incomes and resilient demand are anchoring India’s growth story.”
Gupta emphasized that flagship initiatives such as Make in India, Digital India, massive infrastructure expansion, ease of doing business reforms, GST implementation and targeted welfare delivery have fundamentally transformed the Indian economy.
“Under Prime Minister Modi, India has moved from economic vulnerability to becoming a resilient global growth engine,” he added.
He further pointed out that reforms aimed at simplifying taxation, encouraging private enterprise, boosting rural incomes and strengthening investment confidence have collectively driven this positive outlook.
“While global growth is expected to remain subdued – with world output projected at just 2.6 percent in 2026 India continues to outperform major economies,” Gupta said. “This contrast highlights the success of India’s reform-led growth model.”
Gupta noted that even as growth in advanced economies is projected to slow to 1.6 percent and China’s growth moderates to 4.4 percent, India stands out as a key driver of global economic growth in the coming decade.
He concluded by asserting that the Modi Government remains firmly committed to inclusive, sustainable and innovation-led growth, ensuring that India’s economic progress benefits every section of society.
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