What recession? India remains fastest-growing major economy, says Fadnavis

Business To Business, Mumbai, 12^th June, 2026:   Devendra Fadnavis on Friday dismissed concerns about an economic slowdown, asserting that India continues to be among the world's fastest-growing major economies despite repeated predictions of a recession.
Speaking at a press conference marking 12 years of the government led by Narendra Modi, Fadnavis said forecasts of an economic downturn had not materialized.
Referring to concerns raised by critics and analysts in recent years, he said:
"People kept talking about recession, recession, recession. But the economic growth rate in the current year is the highest in the world. India remains the fastest-developing economy."
According to Fadnavis, India's economic performance demonstrates resilience despite global uncertainties and challenges affecting many major economies.
The Maharashtra Chief Minister credited the country's economic trajectory to policy measures undertaken over the past decade, citing:

• Infrastructure expansion.
• Digital transformation.
• Manufacturing growth.
• Increased investment.
• Welfare and development programmes.

• Slower growth.
• Inflationary pressures.
• Supply chain disruptions.
• Geopolitical tensions affecting trade and energy markets.