Chennai, Nov. 15 -- When International Monetary Fund (IMF) managing director Kristalina Georgieva termed India a 'bright spot' across the global economy, she was not overstating. Over the past three years, India's economic growth has averaged 7.3%, an expansion rate double that of the wider world. This momentum held firm despite elevated commodity prices triggered by geopolitical conflicts and disruptive trade tariffs.

That momentum has carried into this year. In the first quarter of 2026-27, India's GDP expanded by 7.8%. The World Bank, IMF, and the Reserve Bank of India have all lifted their growth projections to 7% or higher. On 11 November, Moody's Ratings raised its 2026-27 growth forecast for India's economy to 7% from 6.5%, citing...