RBI: India’s Economy to Grow 6.5%

Reserve Bank Governor Sanjay Malhotra said that India is expected to record a growth rate of 6.5% in the current financial year despite tremendous increase in uncertainty and volatility in global financial markets. Addressing the US-India Economic Forum organised by the Confederation of Indian Industry (CII) and US India Strategic Partnership Forum (USISPF) in Washington Malhotra said that the US industry should invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty.

At a time when many advanced economies are facing economic headwinds and a deteriorating economic outlook, India continues to offer strong growth and stability making it a natural choice for investors seeking long term value and opportunity,” the governor said. India, he added, “continues to be an economy supported by stability — monetary, financial and political; policy consistency and certainty; congenial business environment; and strong macroeconomic fundamentals.” Malhotra said that India offers a policy ecosystem that is transparent, rule-based, and forward-looking — an ideal setting for long-term and productive investments.

As the world’s fastest-growing major economy, India is not just a destination for investment, it is a partner in prosperity, he said, adding, ‘together, we have the chance to shape the future — not only for India but for a better world. I invite you to be a part of this journey, to collaborate, innovate, and invest in India.’ Observing that the Indian economy has demonstrated remarkable resilienc and dynamism. Malhotra said that over the past four years (2021-22 to 2024-25), the country recorded an average annual growth rate of 8.2 per cent. ‘It was and continues to be the fastest-growing major economy in the world. This is a significant step up from the average growth rate of 6.6 per cent in the preceding decade (2010 to 2019),’ he added.