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India Reaffirms 6.5% Growth Forecast, Invites US Investment in Emerging Sectors

RBI Governor Sanjay Malhotra highlights India's economic resilience, policy stability, and opportunities in semiconductors, renewable energy, and electric vehicles at the US-India Economic Forum.

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.