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Nirmala Sitharaman addressing at the inauguration of the 2nd Edition of the Global Exhibition on Services 2016 (GES), at
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India raises fiscal year growth forecast to 7.3% amid Middle East instability

India's Ministry of Finance expects India's economy to grow at a pace of 7.3% in the current fiscal year based on its latest assessment of

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India's Ministry of Finance released its latest economic review, projecting the economy to grow at a pace of 7.3% for the current fiscal year. This estimate represents a slight increase from the previous forecast of 7.1%, based on an assessment of current economic data.

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India raises fiscal year growth forecast to 7.3% amid Middle East instability

India's Ministry of Finance released its latest economic review, projecting the economy to grow at a pace of 7.3% for the current fiscal year. This estimate represents a slight increase from the previous forecast of 7.1%, based on an assessment of current economic data. Despite the optimistic growth outlook, the ministry issued a cautionary note regarding inflation, particularly in fuel and energy prices. Officials attributed these inflationary pressures to continued instability in the Middle East region. The review highlights the dual challenge of maintaining robust growth while managing external shocks that could impact domestic energy costs.

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World Bank Raises India's Growth Forecast from 6.3 to 6.6 Percent for Current Financial Year

The World Bank has raised India's growth forecast from 6.3 percent to 6.6 percent for the current financial year. The bank expects India to remain the primary engine of growth in South Asia, driven by strong domestic demand and free trade agreements. In India, growth is estimated to have accelerated from 7.1 percent in the financial year 2025 to 7.6 percent in Financial Year 26, owing to the government's policies and initiatives.

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