India Ranks Most Resilient Among Top Ten Global Economies

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has ranked India as the most resilient economy among ten major global powers for the 2026-30 period. In its report, India earned a Comparative Macroeconomic Resilience Score of 71 out of 100, surpassing China, Japan, and Russia. This represents a climb from the 2021-25 period, when India ranked third.

Utilizing International Monetary Fund data, the report projects India's real GDP growth at 6.9% for 2026-30, the fastest among the ten evaluated economies. India also leads in real GDP per capita growth. Despite these strengths, the report identifies fiscal consolidation as a critical area for improvement. India's general government deficit, which was the largest of the ten between 2021 and 2025, is projected to narrow from an average of 8.5% of GDP to 7.1% in 2026-30.

ASSOCHAM leadership emphasized that while macroeconomic foundations are strong, continued progress depends on structural reforms. Recommendations include boosting private investment, expanding exports, and improving the ease of doing business specifically for micro, small, and medium enterprises (MSMEs). Officials noted that reducing costs related to capital, power, and logistics will be essential to maintaining this resilience.