World Bank President Ajay Banga has praised India’s economic performance, saying the country has the potential to grow at more than 8% despite global economic challenges. His comments came as Indian officials continue discussions with international institutions on strengthening economic cooperation.
Banga’s remarks come shortly after India reported 7.8% GDP growth for the first quarter of the 2026–27 financial year. Strong domestic demand, manufacturing activity, services and investment have helped support the country’s growth.
India is also seeking greater investment in infrastructure, technology, energy and manufacturing. Cooperation with international financial institutions could help support large development projects and attract additional private investment.
At the same time, global economic risks remain significant. Higher oil prices, geopolitical tensions and changing interest rates could affect emerging markets, including India.
The government is therefore focusing on maintaining macroeconomic stability while increasing investment and improving productivity. Stronger exports and continued growth in manufacturing and services are also considered important for sustaining India’s expansion.
