BusinessPhoto: News18 BusinessRBI Bulletin Highlights India's Strong Economy Amid Global Challenges
The Reserve Bank of India's October Bulletin reports that India's economy remains robust despite global pressures like the West Asia crisis, inflation, and trade tensions. Strong macroeconomic fundamentals and targeted policies are cushioning India against external shocks. India's GDP grew 7.8% in Q1 FY2026-27, driven by domestic demand and services, despite volatile crude prices and trade uncertainties. The IMF raised India's growth forecast to 7% for FY2026-27.
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