CHENNAI: Despite multiple challenges, including the oil and tariff crises, heightened global uncertainty and the possibility of a rainfall deficit, India’s GDP is likely to grow faster than Reserve Bank of India‘s projected 6.7% this fiscal, RBI deputy governor Poonam Gupta said on Thursday.Delivering a lecture on ‘Indian economy: Shocks, resilience and the way forward’ at the Madras School of Economics here, she said the economy remained resilient.“My expectation is that 2027 would be a benign year for policymakers. While we have projected growth at 6.7% this year, it is quite likely that the numbers may turn out to be better, based on high-frequency indicators and analysis. Going forward, notwithstanding the shock rhythm here and the growth seen in recent years, I would say 7.5% is a given, and we should aspire to do better than that.“The balance of payments (BoP) is likely to be much more conducive as well,” she said.Citing an IMF publication, she said advanced economies were projected to see their debt-to-GDP ratios rise from 108% in 2026 to 115% in 2031. In contrast, India’s ratio was projected to decline from 83% in 2026 to 78% in 2031.
