Archive · 3 Sep 2026
India’s 7.8% Growth Fuels Push for Deeper US Tech Ties
India’s economy grew by 7.8% during the first three months of its 2026–27 financial year.
Ambassador Vinay Kwatra said this keeps India the fastest-growing large economy.
He spoke about the growth while ringing the opening bell at Nasdaq in New York.
He said businesses, digital tools, domestic demand and young workers are helping India change.
Kwatra said technology companies listed on Nasdaq are important to the India–US relationship.
He wants more cooperation with American businesses, investors and institutions.
This cooperation could include technology, digital infrastructure, investment and skilled workers.
He connected the effort to India’s goal of becoming “Viksit Bharat” by 2047.
India recorded 7.8% real GDP growth in the April–June quarter, the first quarter of fiscal year 2026–27.
Ambassador Vinay Kwatra said India remains the world’s fastest-growing large economy.
Kwatra attributed India’s economic and technological transformation to entrepreneurship, digital capabilities, domestic demand and a young, skilled workforce.
He rang Nasdaq’s opening bell in New York to mark the growing India–US partnership.
Kwatra called for stronger engagement with American companies, investors and institutions in technology, infrastructure, capital and skilled-professional mobility.
- Who
- Indian Ambassador to the United States Vinay Kwatra, accompanied by Acting Consul General Vishal Harsh and other Indian officials.
- What
- Kwatra rang Nasdaq’s opening bell and highlighted India’s 7.8% GDP growth while advocating stronger India–US economic and technology ties.
- When
- Wednesday, September 2, 2026; the growth figure covers April–June, the first quarter of fiscal year 2026–27.
- Where
- The Nasdaq stock exchange in Times Square, New York.
- Why
- To highlight India’s economic and technological transformation and encourage deeper engagement with American companies, investors and institutions.
- GDP growth
- 7.8% real GDP growth in the April–June quarter of fiscal year 2026–27
- Economic status
- Kwatra described India as the world’s fastest-growing large economy.
- Nasdaq ceremony
- Kwatra rang the opening bell on behalf of India’s government and people and Finance Minister Nirmala Sitharaman.
- Partnership areas
- Technology, technology-linked capital, technology infrastructure and mobility of skilled professionals
- Growth drivers cited
- Entrepreneurship, expanding digital capabilities, domestic demand and a young, talented workforce
- Long-term goal
- India’s “Viksit Bharat 2047” objective
- Related US visit
- Nirmala Sitharaman was in the United States for a G20 finance ministers’ meeting.
Sources
India’s 7.8% growth puts US investment and tech ties in focus, says Vinay Kwatra
India retains status as fastest-growing large economy with latest GDP growth of 7.8%: Kwatra
India Retains Fastest-Growing Large Economy Tag With 7.8% GDP Growth: Kwatra
India's 7.8% Growth Keeps It Fastest-Growing Major Economy: Envoy
