New Delhi, Sep 17
Amid global market volatility, India’s growth is resilient and the country remains the world’s fastest-growing major economy, with its GDP forecast to continue growing 6.5 per cent this fiscal (FY26), S&P Global said on Wednesday.
The positive outlook is being framed by the interplay of the nation's domestic buffers and external challenges.
The report also highlighted India's potential to increase its share of the global shipbuilding market over the next decade.
"While the country’s ambitions are well defined, India needs a clear strategy to become a top-five shipbuilding nation by 2047, a challenging journey from less than 1 per cent global market share today," the report noted.
The nation is expected to become the second-largest market for data centers’ electricity demand in the Asia-Pacific region over the next two years, surpassing Japan and Australia, the report stated.