India growing at 7.2% despite West Asia conflict: Rajnath. Defence Minister Rajnath Singh, addressing the Indian diaspora in Tajikistan, said India's economy is growing at 7.2% despite the West Asia conflict's global impact. He highlighted India's 16% contribution to the global economy, defence production at ₹1.8 lakh crore, FTAs with 38 countries, 2.5 lakh startups, and 23.66 billion UPI transactions in August alone.