Former NITI Aayog CEO Amitabh Kant has said that despite facing unprecedented global challenges such as active warfare, broken supply chains, and rising protectionism, India's 6.6% GDP growth cements its status as the world's fastest-growing large economy. He described India’s economy as strong but realistic, highlighting that the current growth rate is a significant achievement given the geopolitical shocks currently rattling the international order.
He stated ‘We are in the midst of conflicts, we are in the midst of war, we are in the midst of rising oil prices. Achieving 6.6% at this particular point in time is a very good record. We'll still be the fastest growing large economy in the world.’ He noted that the current global environment remains extraordinarily challenging due to protectionism, tariff barriers and lack of policy predictability, but India’s structural reforms and infrastructure development are poised to support long-term growth.
Further, he said ‘I'm saying over a three-decade period, as the situation normalises, it's important to understand that we are in the midst of very major conflicts across the world. Global supply chains are broken, there's protectionism, there's tariffs, it's an extraordinary situation. There's a lack of predictability and consistency of policies right now.’ Besides, highlighting the need for long-term energy security, Kant stated that India must speed up its pursuit of energy independence through renewable energy expansion, storage systems and clean technologies.
