India is on track to maintain strong economic growth, with Finance Minister Nirmala Sitharaman indicating that the nation’s economy is expected to grow by at least 7% in the fiscal year ending March. This outlook exceeds the government’s earlier projection of 6.3% to 6.8%. The upward revision follows stronger-than-expected performance in the quarter through September, which showed expansion exceeding 8%. n nChief Economic Adviser Anantha Nageswaran recently updated his forecast to reflect this momentum, aligning with revised estimates from private economists who now anticipate growth between 7% and 7.5%. The improved outlook underscores resilience in key sectors and sustained consumer demand. n nThe acceleration in economic activity highlights the effectiveness of policy measures and structural reforms aimed at boosting investment and industrial output. With inflation remaining within manageable levels, the central bank has maintained a balanced stance, supporting continued expansion without triggering financial instability. n nSitharaman emphasized that consistent growth reflects confidence in India’s long-term development path and its ability to attract global capital. The government remains focused on infrastructure spending, digital transformation, and job creation to sustain momentum. n
— News Original —nIndian Finance Minister Sees Continued Economic Growth Momentumn nIndia’s growth momentum is set to continue, and the government expects the economy to expand by at least 7% in the financial year through March, Finance Minister Nirmala Sitharaman said. n nThe government had projected 6.3% to 6.8% growth for the current financial year. Chief Economic Adviser Anantha Nageswaran upgraded his forecast late last month to at least 7% after data showed an expansion of more than 8% in the three months through September. Economists also revised their predictions upwards to 7% to 7.5%.
