New Delhi, 25 March (H.S.):

Indias economic momentum holds firm even amid escalating geopolitical strains in West Asia with S&P Global Ratings raising its gross domestic product growth projection to 7.1 percent for fiscal year 2026-27 on Wednesday.

The rating agency highlighted in its latest report that India will remain among the worlds fastest-growing major economies driven by robust domestic demand steady exports and gradually rising private investment. This 7.1 percent clip signals resilience against global headwinds with private consumption investment and exports as key engines.

West Asia conflict could pressure finances through higher energy costs the agency cautioned. Still Indias strong services exports and diversified economy should cushion much of the blow. Asia-Pacific growth excluding China may hit 4.5 percent in 2026 buoyed by solid domestic activity and tech sector strength.

China faces slower 4.4 percent expansion due to weak demand property woes and external risks. Rising crude prices worry the world but India stands better placed to weather them.

The Statistics and Programme Implementation Ministry had nudged its FY 2026-27 estimate up 0.20 percent to 7.0-7.4 percent in February. Januarys Economic Survey pegged it at 6.8-7.2 percent.

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Hindusthan Samachar / Jun Sarkar