Reserve Bank of India Governor Sanjay Malhotra has made a strong appeal to US businesses to invest in India, stating that, looking to the future, India’s economy is expected to boom. In fact, it is on the right track and performing consistently well. Malhotra emphasised the country’s robust economic fundamentals, policy stability, and growth prospects. Speaking at the US-India Economic Forum in Washington, organised by the Confederation of Indian Industry and the US India Strategic Partnership Forum, Malhotra positioned India as the world’s fastest-growing major economy and a "partner in prosperity" for the global community. Malhotra stated that India is expected to achieve a 6.5% growth rate in the current financial year, even amid global economic uncertainty and volatility. Over the past four years (2021-22 to 2024-25), India has averaged an annual growth rate of 8.2%, significantly higher than the previous decade’s 6.6%.
“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,” said Malhotra. “While this rate is lower than in recent years and falls short of India’s aspirations, it remains broadly in line with past trends and the highest among major economies,” Governor Malhotra added in his speech in Washington, as reported by Bloomberg.