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Finance ministry says domestic demand to drive India’s growth amid global risks

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The finance ministry’s July Monthly Economic Review projects India’s growth will be supported by resilient domestic demand, despite risks from geopolitical tensions and commodity price volatility. The economy maintained momentum in Q1 FY27.

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Finance ministry says domestic demand to drive India’s growth amid global risks

India’s economic activity is expected to remain robust, driven by strong domestic demand, even as global risks such as geopolitical tensions and commodity price fluctuations persist, the finance ministry stated in its July Monthly Economic Review. The report noted that the economy sustained its growth momentum during the first quarter of FY27, with domestic consumption and investment remaining key pillars. However, it warned that renewed global uncertainty could pose challenges to the outlook. The review was released on July 29, 2026.

livemint.com

Finance Ministry: India Must Reimagine Responses Amid Global Uncertainty

Despite sustaining growth momentum in the first quarter of FY27, the Finance Ministry has issued a warning. India must 'reimagine its responses to global imperatives' if it aims to achieve strategic leverage in an increasingly fragmented world, according to the ministry's latest Monthly Economic Review. The review highlights that while the economy continued to grow, there is still a need for significant adaptation and innovation.

Forbes India

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