India’s economy is set for robust growth, with an estimated 7.3% expansion in the current fiscal year, as per the National Statistics Office’s initial advance estimates. This growth, outperforming the previous year’s 7.2%, reflects India’s leading position among major global economies, driven by increased state spending and heightened manufacturing activities. The outlook aligns with the Reserve Bank of India’s upgraded growth forecast of 7%, signalling favourable economic conditions and positive sectoral trends.
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