India remains a ‘shining star’ despite global gloom, says NITI Aayog VC

NITI Aayog Vice Chairman Ashok Kumar Lahiri hailed the Indian economy as the "shining star" in an otherwise "gloomy world".

The country has been maintaining the fastest rate of economic growth among major economies over the past five years, Lahiri said on Thursday.

"I am quite hopeful about the economy because India has been this sort of shining star in an otherwise gloomy world."


"I mean, we have maintained the fastest rate of growth among major economies for the last five years," he said at an event.

He, however, said India needs to make much more progress in increasing domestic production of edible oil and pulses.

The Indian economy grew 7.8% in the first quarter of FY27 despite the ongoing West Asia war.

Last month, the World Bank also raised India's GDP growth forecast for the current fiscal year to 7.1 per cent, up 0.5 percentage points from its projections in April, supported by robust domestic demand and strong exports despite global headwinds.

(With inputs from PTI)