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India raises economic growth forecast to 7.3% for the current fiscal year

India's Ministry of Finance, in its October review, improved its GDP growth estimate for fiscal year FY27 (April 1, 2026 — March 31, 2027) to 7.3% from the previous 7.1%. The growth is supported by energy consumption, port cargo turnover, GST collections, and automobile sales. At the same time, the ministry warns of inflation, pressure on the rupee, and El Niño risks to winter sowing.

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