World Bank President Ajay Banga has expressed strong confidence in India’s projected growth rate, noting that the country is well positioned to achieve its economic targets in the coming years. Speaking on January 29, 2026, Banga highlighted India’s resilience and reforms as key drivers of sustained expansion.
Banga underscored that India’s growth trajectory, projected at around 6.8 to 7.2 percent for 2026–27, reflects the impact of infrastructure investments, skilling initiatives, and business-friendly policies. He emphasized that these measures are vital for India’s long-term vision of becoming a developed nation by 2047 under the ‘Viksit Bharat’ agenda.
During his remarks, the World Bank President praised India’s progress in digitalisation, logistics, and connectivity, which he said are strengthening competitiveness and productivity. He also pointed to the importance of inclusive growth, urging continued focus on sectors that generate employment and support rural development.
Banga identified infrastructure, agriculture, primary healthcare delivery, tourism, and value-added manufacturing as five sectors with significant potential for job creation. He noted that India’s ability to harness these opportunities will be crucial for sustaining high growth and ensuring equitable development.
On global trade, Banga advised India to look beyond tariff barriers and seize opportunities through strategic partnerships. He cited the India-EU trade deal as an example of how deeper economic engagement can benefit both sides.
Officials and economists welcomed Banga’s remarks, saying they reinforce investor confidence and highlight India’s growing role in the global economy. His statement comes ahead of the Union Budget 2026, where growth and employment generation are expected to be key priorities.
Ajay Banga’s confidence in India’s growth outlook reflects the World Bank’s broader assessment that the country remains a critical engine of global economic expansion, with reforms and investments continuing to shape its future trajectory.
