The Organisation for Economic Cooperation and Development (OECD) released its 2025 Economic Outlook Report on Tuesday at a press conference in Paris. The report shows that India will continue to have the fastest-growing economy among G20 nations, with GDP growth expected to reach 6.3% in 2025 and 6.4% in 2026.

The report came out as global leaders gathered in Paris for an informal WTO Ministerial Meeting, which included India. During the India-France Business Conference, Union Commerce Minister Piyush Goyal spoke about India’s ambitious goal of becoming a $32 trillion economy by 2047. He credited India’s growth potential to its skilled talent and efforts to make business easier and more attractive for investors.

However, the global economy is not showing the same growth momentum. According to the OECD, global growth is expected to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026. OECD Secretary-General Mathias Cormann warned that increasing trade barriers, tariff threats, and geopolitical tensions in regions like Eastern Europe and the Middle East could hurt growth and push inflation higher.

Despite these global uncertainties, India’s economic outlook remains strong, and the country is looking to strengthen trade ties with France and the European Union. India and the EU are working on a comprehensive Free Trade Agreement (FTA) instead of a smaller interim deal. French Minister for Foreign Trade Laurent Saint-Martin said that the agreement could be finalised in the coming weeks or months, as both sides are keen to boost economic cooperation.

India's positive growth projections, along with its push for global partnerships, reflect its growing role as a major player in the world economy.