India’s economic growth could come close to 7% in the financial year ending March, according to RBI Deputy Governor Poonam Gupta. She says this would exceed the Reserve Bank of India’s 6.7% forecast for the period, keeping India among the world’s fastest-growing major economies.
Gupta comments are linked to expectations of stronger momentum in the next quarter, including the April–June period. Outlets also cite economists’ broader range for near-term growth, with projections currently spanning roughly 6.9% to 8%, and note that official GDP data for that quarter is due later this month. Several reports attribute the more optimistic outlook to supportive external conditions and stronger investor sentiment, including expectations of rising foreign portfolio investment.
Context in the coverage includes references to resilience despite headwinds such as an inadequate monsoon and higher energy costs, and uncertainty around global developments, including fallout from the Iran conflict that outlets say has eased. Some reports also mention Gupta’s remarks that India should target long-term growth of around 7.5% or higher, while her comments follow discussions from recent RBI policy materials about potential later interest-rate moves and the central bank’s focus on inflation risks.
