Overview
- India is projected to achieve a 6.5% GDP growth rate in FY25, maintaining its position as the fastest-growing major economy despite global financial uncertainties.
- RBI Governor Sanjay Malhotra emphasized India's transparent, rule-based policy framework as a foundation for long-term and productive investments.
- India has averaged 8.2% annual growth over the past four years and moved from the tenth to the fifth largest global economy in the last decade.
- The Indian financial sector remains robust, with strong bank profitability, low non-performing assets, and double-digit credit growth supporting economic expansion.
- Malhotra invited US investors to capitalize on opportunities in sunrise industries, including semiconductors, renewable energy, electric vehicles, and India's growing role in global supply chains.