India targets 6.5–7% GDP growth this fiscal year on strong domestic demand

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India is projected to achieve real GDP growth of 6.5 to 7 percent in the current fiscal year. Strong bank credit expansion is reflecting healthy economic momentum and business activity across sectors. Domestic demand remains robust, supported by rising GST collections and increased power consumption. Corporate earnings growth is expected to pick up pace, with projections pointing to a 17 percent acceleration. While energy price volatility remains a concern, India is mitigating risks by diversifying its crude oil supply sources.

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