India's Economic Resilience: A Strong Growth Trajectory Amidst Global Uncertainties
India's GDP is projected to grow 6.7% in the current fiscal year, bolstered by domestic demand. Supported by strong services, agriculture, and manufacturing sectors, as well as tax incentives and monetary policies, growth is expected to continue despite global economic challenges and recently increased US tariffs.
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- India
India's GDP growth is forecasted to reach 6.7% this fiscal year, driven by increased domestic demand, rising rural incomes, and controlled inflation, according to the Asian Development Bank (ADB).
The ADB projects sustained growth momentum, with GDP increasing by 6.8% in FY26, supported by favorable fiscal and monetary policies, infrastructure development, and job creation.
Despite the Reserve Bank of India's revised GDP forecast to 6.5% due to global challenges, experts highlight India's resilient economy, underpinned by robust services and agriculture sectors, regulatory reforms, and tax incentives for the middle class.
(With inputs from agencies.)
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- ADB
- inflation
- services
- infrastructure
- manufacturing
- rural incomes
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