India's Economic Forecast: Meeting Growth Amid Global Disruptions

India is expected to reach its growth target of 6.3%-6.8% for fiscal year 2025/26, contingent on oil prices staying below $70 a barrel, despite global disruptions caused by U.S. tariff changes, according to a finance ministry official.

Amid global economic fluctuations driven by U.S. tariff adjustments, India remains poised to achieve its fiscal growth target for 2025/26, a senior finance ministry official stated. The projected growth rate is set between 6.3% and 6.8% if oil prices maintain levels below $70 per barrel.

This optimistic forecast suggests resilience in India's economy despite external pressures. Keeping oil prices in check appears pivotal in staying on track to meet these ambitious targets. Recent policy measures implemented by the Indian government further buttress this projection.

Analysts believe maintaining this growth trajectory will enhance investor confidence and bolster India's position in the global market, ensuring sustainable and balanced economic development amid uncertain global conditions.

(With inputs from agencies.)