Synopsis
The World Bank highlights India's robust economic growth, encouraging international firms to invest. At the 'Advantage Assam 2.0 Business Summit,' optimism surrounding India's economy was emphasized, reinforcing its position as a prime investment destination amid global uncertainties.Key Takeaways
- World Bank optimistic about India's economic growth.
- India labeled as the 'shining light in the world.'
- Projected growth rates of 6.7% in FY26 and FY27.
- Strong services sector and manufacturing base driving growth.
- India outpaces global growth despite economic fluctuations.
Guwahati, Feb 27 (NationPress) The World Bank has reiterated its optimistic perspective on India's economic advancement, encouraging international firms to consider investments in the nation.
During the 'Advantage Assam 2.0 Business Summit,' World Bank Country Director Auguste Tano Kouame dismissed concerns regarding short-term variations, labeling India as “the shining light in the world.”
In his speech at the session titled “Leveraging MDB (multilateral development bank) Resources to Unlock Opportunities for the Private Sector,” Kouame stated, “If someone is apprehensive about recent data, we would like to emphasize that there is no need for concern. India is the shining light in the world. If you are considering investment, then come and invest here. The Indian growth makes it the ideal place to invest.”
He pointed out that fluctuations of one percentage point in economic growth do not change the World Bank's positive outlook on India.
“We are not concerned about India's growth at this moment. We are very optimistic about India and will continue to be so,” Kouame added.
India continues to hold its position as the fastest-growing major economy. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report anticipates India's economy to grow at a stable rate of 6.7 percent in both FY26 and FY27, significantly surpassing global and regional competitors. While global growth is expected to remain at 2.7 percent in 2025-26, this impressive performance highlights India’s resilience and its increasing role in influencing the global economic landscape.
The GEP report attributes this remarkable momentum to a thriving services sector and a revitalized manufacturing base, propelled by transformative government initiatives. From modernizing infrastructure to simplifying taxation, these strategies are driving domestic growth and establishing India as a key element of global economic stability. Meanwhile, its nearest rival, China, is projected to slow down to 4 percent growth next year.
In alignment with the World Bank report, the latest update from the International Monetary Fund’s (IMF) World Economic Outlook (WEO) also reinforces India’s robust economic trajectory. The IMF forecasts India's growth to remain at 6.5 percent for both 2025 and 2026, consistent with earlier estimates from October. This steady growth outlook reflects India’s sound economic fundamentals and its capability to sustain momentum amid global uncertainties.
