Economy may expand 7.3% in July-September, says finance ministry
India's finance ministry projects a 7.3% economic growth for the July-September quarter, citing sustained momentum despite global headwinds. The report warns of challenges including rising oil prices, higher bond yields, and competition for capital from developed nations investing in AI.
Why it matters
The report provides a critical outlook on India's macroeconomic stability and its ability to attract foreign investment in a competitive global market.
NEW DELHI: The finance ministry Thursday said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.While flagging multiple parameters and high-frequency indicators to argue that growth has been sustained, the ministry’s latest Monthly Economic Report also came with warnings. “…global conditions have turned unfavourable again. Oil prices have spiked in Sept. Global bond yields have moved sharply higher and continued to climb.
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