Mumbai, Aug. 5 -- Ministry of Statistics & Programme Implementation stated in a latest update that India's medium-term growth trajectory is rooted in a decade of robust economic performance, underpinned by sound macroeconomic fundamentals and sustained structural and governance reforms-including labour market reforms, modernisation of land records, tax reforms, introducing a regulatory regime for insolvency and bankruptcy, real estate regulation, and financial sector reforms.

As a result, despite global headwinds, India has remained the fastest-growing major economy, averaging over 7% GDP growth between 2014 and 2025 (excluding the COVID years). In a global environment marked by protectionism and deglobalisation, sustaining 7-8% growth r...