India's Resilience Amid Global Crises: Insights from Shaktikanta Das
India turns crises into opportunity, emerges stronger: Shaktikanta Das
Business Standard
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Shaktikanta Das, Principal Secretary to the Prime Minister of India, highlighted the country's resilience and transformation during global crises at the AIMA National Leadership Conclave. He noted India's real GDP growth of 7.6% in FY26 and emphasized the importance of macroeconomic stability, inflation control, and structural reforms for sustained economic strength.
- 01India's real GDP growth reached 7.6% in FY26, with an average of 7.8% over the past five years.
- 02Key factors for India's resilience include macroeconomic stability, policy consistency, and strong domestic demand.
- 03Inflation control is critical for economic stability and consumer spending power.
- 04India's strategic autonomy has reduced overdependence on any single country.
- 05Das emphasized the need for businesses to build resilience and diversify supply chains.
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During the AIMA National Leadership Conclave, Shaktikanta Das, Principal Secretary to the Prime Minister of India, emphasized India's remarkable resilience in the face of global crises. He reported that India's real GDP growth was 7.6% in FY26, with an average growth rate of 7.8% over the last five years. Das attributed this resilience to several factors, including macroeconomic stability, policy consistency, infrastructure-led development, and strong domestic demand. He highlighted the importance of controlling inflation, describing it as a 'tax on the poor' that affects consumer spending power. Das also pointed out that India's strategic autonomy and diversified international partnerships have mitigated overdependence on any single country, positioning India as a 'safe anchor' amid global volatility. Looking forward, he mentioned that India's growth drivers, such as demographic advantages and digital public infrastructure, are structural and durable, urging businesses to strengthen their resilience and invest in future readiness.
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India's strong economic performance and stability can lead to increased consumer spending and investment opportunities, benefiting businesses and individuals alike.
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