Governor Sanjay Malhotra noted that tame inflation creates policy space to nurture development without risking stability. The central bank pledges to fuel productive capacities and keep the growth pedal pressed.

Nowcasting data signals strength persisting through late 2025-26. The economy eyes 7.4% real GDP expansion this fiscal year, outpacing last year’s figures. Amid external drags, household spending and capital investments have been the heroes, offsetting a trade deficit.

Services dominate supply-side gains, with manufacturing picking up steam, targeting 7.3% GVA growth. Prospects brighten for 2026-27: agriculture thrives on ample water reserves, robust winter crops, and healthy fields.

Industry gets a lift from corporate vigor and informal sector revival; construction stays solid. Services will ride high on buoyant internal demand. Private consumption speeds on, rural spending stabilized by farm fortunes and job market upticks.

These bilateral breakthroughs with major economies signal India’s rising clout. The RBI bulletin paints a picture of sustained vigor, ready to weather storms and seize opportunities ahead.

The past week has been a whirlwind of economic triumphs, Nadda observed. From the EU free trade agreement to the insightful Economic Survey, the revolutionary budget, and the Indo-US pact, India is scripting history one deal at a time.

The Economic Survey proudly proclaims India as the world’s fastest-expanding major economy, a fact echoed by the World Economic Forum’s chief forecasting a 20 percent share in global growth. Nadda emphasized this external validation of India’s momentum.

Labeling the EU deal as the ‘Mother of All Deals,’ Nadda explained how it unlocks markets in 27 European countries for Indian exporters, craftsmen, startups, and tech experts, promising a surge in employment. The India-Oman pact enhances Middle East ties for energy security and commerce under the Link West initiative.

Nadda spotlighted free trade pacts with New Zealand—benefiting farmers and opening student visas—and the UK, a boon for IT professionals and businesses. He took a sharp dig at the opposition’s ‘Garibi Hatao’ rhetoric, accusing them of creating corrupt intermediaries and neglecting the poor.

Under Modi, real change has arrived: 250 million escaped poverty, pucca homes for millions with 30 million more planned, drinking water for 125 million households, LPG for 100 million. Over 950 million enjoy social security, and DBT has channeled Rs 6.75 lakh crore directly to beneficiaries.

Ayushman Bharat provides Rs 5 lakh coverage to 620 million for serious ailments, revolutionizing healthcare access. Seniors no longer fear medical bills, and cancer care has improved dramatically, with 90 percent of cases treated within a month of detection.

Nadda’s address underscored a holistic vision: robust trade expansion paired with unprecedented social upliftment, positioning India for sustained leadership on the world stage.