India's GDP Growth In 2025-2026 Estimated To Be Highest Among G20 Nations: Report
Global growth figures are not expected to witness a positive trend according to the OECD, which estimates that the global economy is on course to slow down from 3.3% last year to 2.9% in 2025 and 2026.
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India Projected to Lead G20 Nations in GDP Growth for 2025-2026
The Organisation for Economic Cooperation and Development (OECD) unveiled its 2025 Economic Outlook Report on Tuesday during a press conference at their Paris headquarters.
According to the report, India is forecast to maintain the highest GDP growth rate among G20 nations in both 2025 and 2026, with projections of 6.3% and 6.4% respectively in real terms. The findings were released as representatives from member countries and partners like India gathered in Paris for an informal WTO Ministerial meeting.
Speaking at the India-France Business Conference, Union Minister for Commerce and Industry Piyush Goyal stated, "India aims to become a 32 Trillion economy by 2047. This remarkable growth will be achieved through our talent, and I'm here to emphasize people-to-people connections." The Union Minister is currently in Paris attending the OECD Ministerial meeting.
Goyal emphasized, 'We are intensely focused on simplifying business operations in India,' while highlighting the abundant opportunities available for businesses and investors in the country.
In contrast to India's positive outlook, the OECD predicts a downward trend in global growth, estimating that the world economy will decelerate from 3.3% last year to 2.9% in both 2025 and 2026.
These forecasts from the Paris-based organization come amid global challenges, including potential tariff threats from the Trump administration in the US and ongoing geopolitical tensions in Eastern Europe and the Middle-East.
OECD Secretary General Mathias Cormann, while presenting the report, cautioned, "Further increases in trade barriers or extended uncertainty will reduce growth prospects and likely increase inflation in countries imposing tariffs."
Despite these worldwide uncertainties, India's economic projections remain promising, with the country seeking to enhance business relations with both the European Union and France.
The European Union (EU), comprising 27 member states, considers the Free Trade Agreement (FTA) crucial for strengthening economic relations with India. Both India and the EU are pursuing a comprehensive FTA rather than an interim agreement. French foreign trade minister Laurent Saint-Martin expressed optimism that an agreement could be reached "in the coming weeks and months," adding, "India is one of our priorities and I know the European Commission is eager to accelerate (FTA) negotiations."