India’s Economic Resilience and Growth

• India’s economic churns have always produced renewal, with turbulence leading to growth and a digital surge.

• The country’s resilience is evident in its faster growth, stronger buffers, and broader opportunities.

• Real GDP grew 7.8% in Q1 FY 2025-26, a five-quarter high, reflecting rising consumption, robust investment, and public capex and logistics reforms.

• India is now the world’s fourth-largest economy and the fastest-growing major one, outpacing the United States and China.

• India contributes over 15% of incremental world growth, with a clear ambition to raise its share toward 20% as reform deepens and new capacity comes online.

• S&P Global delivered India’s first sovereign rating upgrade in 18 years, citing robust growth, monetary credibility, and fiscal consolidation.

• Between 2013-14 and 2022-23, 24.82 crore Indians moved out of multidimensional poverty, leveraging basic-services delivery at scale and direct transfers.

• India’s energy security supports rapid growth, with India being the third largest energy consumer, fourth largest refiner, and fourth largest liquefied natural gas importer.

• India’s energy demand is projected to double by 2047, accounting for nearly a quarter of incremental global demand.

• The government’s approach combines security with reform, expanding exploration acreage and offering 20% premiums for deepwater and new wells.

India’s Energy Transition and Industrial Revolution

India’s Energy Transition

• Ethanol blending has increased from 1.5% in 2014 to 20% today, saving over ₹1.25 lakh crore in foreign exchange and directly benefiting farmers.

• Over 300 compressed biogas plants are being implemented under Sustainable Alternative Towards Affordable Transportation, with a 5% blending mandate by 2028.

• Oil public sector units are leading the charge in green hydrogen.

India’s Purchase of Russian Crude

• India has not been sanctioned like Iranian or Venezuelan crude; it is under a G-7/European Union price cap system.

• India has complied with 18 rounds of such packages, using legal shipping, insurance, compliant traders, and audited channels.

• Critics allege that India has become a “laundromat” for Russian oil, but this is not the case.

• India has been the fourth-largest exporter of petroleum products for decades, and its refiners process a basket of crudes from across the globe.

India’s Industrial Revolution

• The new industrial revolution in India spans semiconductors, electronics, renewables, defense, and speciality chemicals.

• The momentum in semiconductors is reaching a new scale, a testament to policy seriousness and execution.

• The digital economy multiplies these gains, leading the world in real-time payments and translating innovation into exports of services and solutions.

India’s Future Outlook

• Independent projections suggest that by 2038, India could emerge as the world’s second-largest economy in purchasing power parity terms, with a GDP above $34 trillion.

Economic Resilience of India is important topic for Civil service exam (WBCS).

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