Former Union Minister of State for Finance Jayant Sinha said India's strong growth is partly driven by robust export performance, which he attributed to free trade agreements with the UK, European Union, UAE and other countries, along with a somewhat weaker rupee. He described the trade deals as 'absolute game changers' that strengthen the export engine and support job creation. Several international bodies have raised India's FY2026-27 GDP growth forecast to about 7% or higher: the IMF by 0.6 percentage points to 7%, the World Bank and OECD to 7.1%, and ADB, S&P Global and Moody's to 7%. Sinha praised the government and the Reserve Bank of India for sustaining robust growth while keeping inflation modest, noting that the RBI has been vigilant and acted at its latest Monetary Policy Committee meeting.
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- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
Former Indian Minister of State for Finance Jayant Sinha attributes part of India's strong economic growth to robust exports, supported by free trade agreements (FTAs) with the UK, EU and UAE and a weaker rupee. Speaking at the 'Pathways to Viksit Bharat' event in Delhi, he called these trade deals 'absolute game changers' that are strengthening the export engine and supporting job creation. He noted that agencies worldwide have upgraded India's growth forecast for fiscal 2026-27: the IMF raised its projection by 0.6 percentage points to 7%, the World Bank and OECD lifted theirs to 7.1%, and the ADB, S&P Global and Moody's each set 7%. Sinha also commended the government and the Reserve Bank of India for sustaining robust growth while keeping inflation modest, noting the RBI is closely monitoring prices.
- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
Former Union Minister of State for Finance Jayant Sinha says India's strong growth is partly driven by robust exports, helped by free trade agreements with the UK, EU and UAE and a somewhat weaker rupee. He called the trade deals 'absolute game changers' that support export growth and job creation. Several international agencies have raised India's FY2026-27 GDP growth forecast to about 7% or higher: the IMF by 0.6 percentage points to 7%, the World Bank and OECD to 7.1%, and the ADB, S&P Global and Moody's to 7%. Sinha credited the government and the Reserve Bank of India with sustaining robust growth while keeping inflation modest, noting the RBI is watchful on inflation.
- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
Former Union Minister of State for Finance Jayant Sinha said India's strong growth, which global agencies have upgraded, is partly due to robust exports driven by free trade agreements with the UK, EU and UAE, as well as a weaker rupee, which are supporting job creation. He called the trade agreements 'absolute game changers' for the Indian economy. The IMF raised its FY2026-27 growth forecast by 0.6 percentage points to 7%, while the World Bank and OECD raised theirs to 7.1%, and ADB, S&P Global and Moody's raised theirs to 7%. Sinha commended the government and the Reserve Bank of India for sustaining robust growth while keeping inflation modest, and said the RBI is watchful on inflation and already acted at its latest Monetary Policy Committee meeting.
- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
Former Indian Minister of State for Finance Jayant Sinha attributes India's strong growth partly to robust exports, which he says are being boosted by free trade agreements with the UK, the EU, the UAE and other countries, as well as a weaker rupee. He called these trade deals 'absolute game changers' that should open overseas markets for Indian businesses and support job creation. Sinha noted that agencies including the IMF, World Bank, OECD, ADB, S&P Global and Moody's have raised India's 2026-27 GDP growth forecast to about 7% or higher; the IMF lifted its projection by 0.6 percentage points to 7%, while the World Bank and OECD moved to 7.1%. He commended the government and the Reserve Bank of India for sustaining robust growth while keeping inflation modest, adding that the RBI is closely monitoring inflation and acted at its latest Monetary Policy Committee meeting.
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