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.
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- FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha
Former Union Minister of State for Finance Jayant Sinha attributed India's strong growth partly to robust exports, which he said are being lifted by free trade agreements with the UK, the European Union, the UAE and others, along with a somewhat weaker rupee, supporting job creation. He described these trade agreements as 'absolute game changers' for the economy. Several international bodies have upgraded India's GDP growth forecast for fiscal 2026-27 to about 7% or higher: the IMF raised its projection 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 also credited the government and the Reserve Bank of India with sustaining robust growth while keeping inflation modest, noting the RBI had already acted at its latest Monetary Policy Committee meeting.
- 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 economic growth is partly driven by robust exports, helped by free trade agreements with the UK, the European Union, the UAE and other countries, as well as a weaker rupee. Speaking on the sidelines of the 'Pathways to Viksit Bharat' event in Delhi, he called the trade deals 'absolute game changers' that are strengthening the export engine and supporting job creation. He noted that international agencies have upgraded India's growth forecasts for fiscal year 2026-27: the IMF raised its projection by 0.6 percentage points to 7 per cent, while the World Bank and OECD put theirs at 7.1 per cent, and the ADB, S&P Global and Moody's forecast 7 per cent. Sinha also praised the government and the Reserve Bank of India for sustaining growth while keeping inflation modest, adding that the RBI is watching inflation closely and already acted at its latest Monetary Policy Committee meeting.
- 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
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