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Story summary
- The Reserve Bank of India raised its growth forecast to 6.8% for the year.
- Low inflation and strong corporate and banking sectors support domestic consumption.
- Despite a widening trade deficit and tariffs on exports to the United States, manufacturing and services remain robust.
- The International Monetary Fund (IMF) and Organisation for Economic Co-operation and Development (OECD) have revised India's GDP growth projections upward, reflecting ongoing domestic demand momentum.
