India Forecasts Growth of 6.3%-6.8%, With Prospects ‘Balanced’

India’s government predicted the economy will expand 6.3%-6.8% in the coming fiscal year, significantly below the levels it says are needed for Prime Minister Narendra Modi to meet his ambitious economic goals.

The Indian leader aims to make the country a developed economy by 2047, an aim he reiterated Friday. To achieve that, India needs to grow at around 8% for about a decade or two, according to the Economic Survey for 2024-25.