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With 7 per cent GDP growth and around 3.5 per cent inflation, nominal GDP growth of around 10 per cent for FY27 is achievable, and this would be a significant improvement over the 8.1 per cent nominal GDP growth in FY26.
FM Nirmala Sitharaman's upcoming Budget faces significant global challenges, including trade uncertainties, a weakening currency, and equity outflows, yet India's domestic growth has surprised positively, exceeding 7 per cent.
Given the volatile global geopolitical context, the FM has to do a fine balancing act to sustain high growth in the economy.
India economic growth forecast has been raised to 7.3% for fiscal 2026 by the IMF
RBI repo rate cut aims to accelerate economic growth, with the central bank reducing it by 25 basis points to 5.25 percent.
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.
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