India’s Robust Q1 GDP Growth Showcases Resilience Amid Global Tariff Turmoil: FIEO
New Delhi:
Port Wings News Network:
India’s GDP growth in the first quarter of the current year at 7.8% once again demonstrates the underlying strength and resilience of our economy, said S C Ralhan, President, FIEO.
At a time when global trade continues to grapple with uncertainties and tariff wars, India’s vibrant domestic market has provided a strong cushion, ensuring sustained momentum in consumption and investment.
The impressive performance is not only a reflection of robust domestic demand but also of the structural reforms undertaken in recent years — from GST rationalisation and infrastructure push to digitalisation and financial inclusion — which are now yielding tangible results observed, President, FIEO.
While exporters face challenges from tariff headwinds in key markets, India’s ability to balance domestic absorption with diversification through new FTAs provides a unique strategic advantage. At the same time, sectors such as manufacturing, services, and agriculture are showing renewed dynamism, supported by government initiatives to improve ease of doing business and enhance competitiveness. This growth trajectory underscores the fact that India is not only navigating global challenges with confidence but also positioning itself as a major driver of global economic expansion, said Mr S C Ralhan. Going forward, our focus will be on further strengthening the trade ecosystem so that exporters continue to contribute meaningfully to employment generation and inclusive growth.
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