New Delhi: The Indian economy has been the “shining star” in an otherwise “gloomy world”, as the country has maintained the fastest rate of economic growth among major economies for the last five years, NITI Aayog Vice Chairman Ashok Kumar Lahiri said on Thursday.
Lahiri further said India should be making much more progress in increasing production of edible oil and pulses.
“I am quite hopeful about the economy because India has been this sort of shining star in an otherwise gloomy world.
“I mean, we have maintained the fastest rate of growth among major economies for the last five years,” he said at an event here.
The Indian economy has been performing well, with 7.8 per cent growth in Q1FY27 despite the West Asia war.
Last month, the World Bank raised India’s GDP growth forecast for the current fiscal year to 7.1 per cent, up 0.5 percentage points from its projections in April, supported by robust domestic demand and strong exports despite global headwinds.
India remains one of the fastest-growing major economies in the world and a key contributor to global growth, the multilateral organisation had said in its latest India Development Update.
