Overview

• The IMF lifted its FY26 GDP growth forecast for India to 6.6% from 6.4%, a move Piyush Goyal said reflects economic resilience and strong fundamentals.
• Goyal voiced confidence that India will meet or even exceed the IMF estimate, citing a 7.8% April–June GDP print that marked a five‑quarter high.
• Earlier this month, the World Bank raised its projection for India to 6.5%, reaffirming expectations that the country will remain the fastest‑growing major economy.
• Addressing a CII conference, Goyal urged the chemicals and petrochemicals sector to expand its share of global exports and accept small FTA concessions to unlock wider market access.
• He emphasized diversifying supply chains, allowing targeted protection for select products, and promised ministry action against predatory pricing, dumping, and non‑tariff barriers.