Resilient growth, price stability and steady external sector outlook continue to support India's promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday.
Overall, India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for the current financial year for India by international organisations and the RBI, the Monthly Economic Review for March said.
The IMF, in its April 2024 World Economic Outlook (WEO), has revised upwards its estimate of India's real GDP growth for FY24 to 7.8 per cent from 6.7 per cent in its January 2024 update and 6.3 per cent in its October 2023 WEO.
The report said the global economic growth landscape is seeing a gradual resurgence, marked by fading fears of recession and rebounding growth in major economies.
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