Strong macroeconomic fundamentals and calibrated policy decisions are enabling India to sustain stability and growth in a volatile global environment, said Mr Shaktikanta Das, Principal Secretary-2 to the Prime Minister of India at AIMA’s 11th National Leadership Conclave.
India’s journey over the last few years has been one of resilience, transformation and renewed confidence. From the COVID-19 pandemic to geopolitical conflicts, supply chain disruptions and inflationary pressures, the global economy has endured repeated shocks. Yet India has not merely survived these crises, it has emerged stronger through them.
What makes India’s story remarkable is not just economic growth, but the ability to transform adversity into opportunity. Over the last five years, the country has witnessed rapid digitalisation, unprecedented infrastructure expansion and major efficiency gains across sectors. Between 2021-22 and 2025-26, India recorded an average annual real GDP growth of 7.8%, reflecting both resilience and resurgence.
This progress has been driven by strong macroeconomic fundamentals, policy stability and structural reforms. Stable governance, sustained infrastructure investment and strong domestic demand have enabled India to absorb global shocks more effectively than many economies. Equally important has been fiscal discipline and a credible monetary policy framework focused on maintaining inflation stability while supporting long-term growth.
Inflation management remains central to economic resilience. Stable inflation not only strengthens investor confidence and financial stability, but also protects the purchasing power of ordinary citizens, particularly the poor. In many ways, inflation control is essential for sustainable and inclusive growth.
India’s digital public infrastructure has also emerged as a defining strength. Platforms such as UPI, Aadhaar and ONDC have transformed financial inclusion, governance and economic participation at an unprecedented scale. Technology is no longer just an enabler — it has become foundational infrastructure for economic growth and citizen empowerment.
The past few years have also highlighted the importance of resilience over excessive dependence. In a world marked by geopolitical fragmentation and supply chain uncertainty, resilience maximisation is replacing cost minimisation as the global priority. India’s vision of Atmanirbhar Bharat reflects this reality — not as isolationism, but as strategic self-reliance built on stronger domestic capabilities and diversified partnerships.
This strategy is already delivering results. India has emerged as the world’s second-largest mobile phone producer, semiconductor investments are gaining momentum, pharmaceutical exports continue to expand and Global Capability Centres are evolving into innovation and technology hubs. Simultaneously, India is making major advances in renewable energy, digital infrastructure and defence manufacturing.
Today, India is increasingly viewed as a stable and trusted growth engine in an uncertain world. The foundations for becoming a developed nation by 2047 are steadily being strengthened through infrastructure, innovation, manufacturing and demographic advantage.
Even amid global turbulence, India continues to demonstrate that resilience, reform and strategic vision can transform disruption into opportunity.
Watch the full session- https://www.youtube.com/watch?v=9gVQLJ-PzG0&t=56s
