India Stands Strong Economically Amid Global Crises Due to PM Modi's Successful Diplomacy/ Tikshan Sood Hoshiarpur/Daljeet Ajnoha/April 12

India Stands Strong Economically Amid Global Crises Due to PM Modi's Successful Diplomacy/ Tikshan Sood
Hoshiarpur/Daljeet Ajnoha/April 12
Senior BJP leader and former Cabinet Minister Tikshan Sood stated in a press note that the ongoing conflict between the US, Israel, and Iran—now involving several Gulf countries and Russia for nearly a month—has caused sharp rises in crude oil prices along with other imported and exported goods. This steep price surge has weakened the economic situation in almost all countries day by day, leading to significant declines in growth rates worldwide.
In such challenging times, India appears robust on the economic front for the current financial year 2026-27, thanks to Prime Minister Narendra Modi's successful diplomacy, Sood noted. Citing reports from various American agencies, he said India's economic growth rate is projected at 6.9% for 2026-27, with further increases expected in the next fiscal year. Several Asian agencies have corroborated this outlook.
Most notably, India's foreign exchange and gold reserves have seen substantial growth amid these difficulties. The forex reserves have risen by over $9 billion to reach $697.12 billion, signaling a strengthening economic framework.