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India's Economy to Keep Running Fast Despite China Slowdown Says UN
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News18•10-10-2026, 11:27
India's Economy to Keep Running Fast Despite China Slowdown Says UN
- •A United Nations report states that India will remain the fastest-growing major economy in the world amidst global economic slowdowns.
- •India's GDP is projected to grow at 7.3 percent in 2026 and around 6.8 percent in 2027.
- •Strong domestic demand, a growing manufacturing sector, and large-scale infrastructure programs are driving India's economic momentum.
- •While India's growth remains robust, neighboring China's economy is expected to grow at a slower rate of just 4.5 percent.
- •The UN has praised India's Digital Public Infrastructure and UPI payment model, noting its successful technological cooperation with 23 countries.
Key Questions Answered
According to the UNCTAD 'Trade and Development Report 2026', India's GDP is estimated to grow at a rate of 7.3 percent in 2026 (financial year 2027).
The biggest strength of the Indian market is its internal domestic consumption, which is robust enough to easily absorb external shocks.
India has signed agreements with 23 countries to share its digital technology, with technical cooperation already operational in eight countries including Sri Lanka and the UAE.
