India’s Economic Resilience Reflected in Upward Growth Forecasts: Secretary, MoSPI, Saurabh Garg

Secretary in the Ministry of Statistics and Programme Implementation, Saurabh Garg, today said India’s economic resilience, supported by strong corporate performance and sustained investment activity, is now being reflected in upward revisions to the country’s growth estimates by various international agencies. Talking to the media on the sidelines of the Kautilya Economic Conclave in New Delhi, Mr. Garg said, the Indian economy had maintained its momentum after recording 7.8 per cent growth in the first quarter of the financial year 2026-27. He noted that strong corporate performance and continued capital investment, including by the private sector, were among the key indicators of the positive economic trend. He added that this momentum was also reflected in recent upward revisions to India’s growth projections by international ratings agencies and research firms, including S&P Global Ratings and Fitch Ratings.
On the impact of tensions in West Asia and risks arising from global oil price shocks, Mr. Garg highlighted that government interventions, along with measures taken by households and the private sector, had helped limit the adverse impact of external shocks on the Indian economy.