United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) projects India's economy to grow at 6.4% in 2026

Key facts

• The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) released the Economic and Social Survey of Asia and the Pacific 2026.
• India's economic growth is projected to be 6.4% in 2026 and 6.6% in 2027.
• India's growth rate for 2025 was 7.4%, supported by rural consumption, goods and services tax rate cuts, and export frontloading.
• Inflation in India is projected to be 4.4% in 2026 and 4.3% in 2027.
• India attracted the largest share of greenfield Foreign Direct Investment (FDI) in the Asia-Pacific region during the first three quarters with USD 50 billion.
• Other top greenfield FDI recipients in the Asia-Pacific region include Australia (USD 30 billion), Republic of Korea (USD 25 billion), and Kazakhstan (USD 21 billion).
• India was the world's largest remittance recipient in 2024 with USD 137 billion.
• The United States has levied a 1% tax on all remittances since January 2026.
• According to the International Renewable Energy Agency (IRENA), India accounts for 8% of global green jobs with 1.3 million positions, compared to 7.3 million (44%) in China and 2.5 million (15%) in the rest of Asia.
• The report cited India's Production Linked Incentive (PLI) scheme for high-efficiency solar modules, batteries, and green hydrogen to foster green industrial development.