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India’s growth far outpaced China’s 4.8% for the same period.
Globally, the IMF said growth is projected to slow from 3.3% in 2024 to 3.2% in 2025 and further to 3.1% in 2026.
Domestic demand will be the key driver of growth in India, Fitch said.
PM Modi stressed that India is emerging as a full-stack semiconductor nation, moving beyond backend operations
The agriculture sector recorded a 3.7 per cent growth, up from 1.5 per cent in the April-June period of 2024-25.
The rating agency also warns of a moderate impact on GDP growth due to proposed US tariffs while acknowledging India's robust economic outlook relative to peers.
The Ministry said that gross domestic product growth for the fourth quarter stood at 7.4 per cent
The revision comes a day after global financial services firm Morgan Stanley on Wednesday revised India’s GDP growth forecast upward.
The risks to the growth outlook remain evenly balanced, amidst an improving outlook for cross-country trade deals.
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