India’s economy registered a 6.5% year-on-year growth in the financial year ending in March, according to official data released last week. The figure reinforces the country’s position as one of the world’s fastest-growing major economies.
The growth rate, while slightly lower than the 7.2% recorded in the previous fiscal year, reflects continued momentum in domestic investment and consumption. Robust performance in key sectors such as services, manufacturing, and construction contributed significantly to overall growth.
India’s economic expansion comes amid a challenging global environment marked by geopolitical tensions, inflationary pressures, and slowing demand in major export markets. However, strong agricultural output and government-led infrastructure projects helped cushion external shocks.
Government officials have expressed optimism about the outlook for the current fiscal year, citing ongoing structural reforms, increased capital expenditure, and efforts to attract foreign investment.
The 6.5% growth rate not only aligns with projections from international institutions such as the International Monetary Fund and World Bank but also signals sustained economic resilience. Analysts suggest that maintaining growth momentum will require continued policy support, inflation control, and inclusive economic strategies.
As the global economy faces continued volatility, India’s performance stands out as a beacon of stability and opportunity in the Asia-Pacific region.
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