India is expected to remain the world’s fastest-growing major economy in 2026, according to the latest Global Economic Outlook from ACCA, even as higher-than-expected US import tariffs weigh on global trade.
The report noted that India recorded 8.2% year-on-year growth in the July–September quarter, supported by resilient consumer spending. Low inflation, goods and services tax cuts, easing monetary policy, and strong infrastructure spending by the government have helped underpin growth.
ACCA highlighted that service sector growth is likely to remain robust, supported by exports. Recent reforms to labour markets and bankruptcy laws may also help improve longer-term economic performance. A potential trade deal with the United States and continued low global oil prices could further benefit the economy.
Commenting on the outlook, Md. Sajid Khan, Director – India at ACCA, said: “It’s extremely encouraging to hear that the Indian economy has proved resilient to the large increase in US import tariffs, benefiting from robust consumer spending growth. Our report reveals that India is likely to remain the world’s fastest-growing major economy once again in 2026, and recent reforms could potentially help improve its longer-term performance.”
