India Sets Subdued Economic Growth Forecast as Risks Mount
- Government projects growth of 6.5%-7% vs 8.2% last year
- Finance minister to give annual budget speech on Tuesday
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India’s government set a fairly conservative economic growth forecast for the current fiscal year, concerned about mounting global risks.
The economy will likely expand 6.5%-7% in the year through March 2025, the Ministry of Finance said its Economic Survey report released Monday. That compares with 8.2% in the past financial year and the central bank’s projection of 7.2% for the current year.