THE Reserve Bank of India (RBI) recently raised its gross domestic product (GDP) growth forecast for India by a good 30 basis points to 6.8 per cent this fiscal. The International Monetary Fund followed suit, raising it to 6.6 per cent from 6.4 per cent. Ergo, India will continue to be the fastest-growing large economy in 2025. However, it will not be the only country whose growth forecast is being upgraded. The US, countries in the Euro area and emerging markets are also expected to grow faster, for varied reasons. This is because global economic activity has been resilient despite higher tariffs and persistent geopolitical uncertainties.

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