Piyush Goyal Hails India’s Economic Momentum, Notes IMF Growth Revision and Record Car Sales

By A Staff Reporter

Delhi | Union Minister Piyush Goyal on Saturday highlighted India’s strong economic performance amid global uncertainty, pointing to the country’s upwardly revised growth projections, low inflation, and robust market indicators as signs of resilience and progress.

“Despite the international difficulties, in a very volatile, very turbulent international environment, India is progressing so rapidly that even the IMF had to revise its forecast upward to 6.6 per cent growth this year,” Goyal said. He added that the first quarter recorded “a historic growth of 7.8 per cent,” reflecting the strength of domestic demand and government policies.

Commending the efforts of key financial institutions, Goyal said, “The Ministry of Finance, the Reserve Bank of India, and the Monetary Fiscal Policy are taking consistent steps to ensure that India is not affected by inflation.” He noted that the inflation rate last month was the lowest in eight years, at 1.5 per cent.

Highlighting international recognition, Goyal pointed out that “after 17–18 years, S&P revised India’s rating and raised it one notch, maintaining a stable outlook.”

Illustrating the economy’s vibrancy, he cited record car sales during the festive season. “Maruti Suzuki sold 165,000 vehicles in just eight days — the first eight days of Navratri,” he said.