India's Economic Strides Amid Global Challenges: Growth Forecast at 6.5%

India's economy is forecasted to grow by 6.5% in FY25, buoyed by agriculture and services sectors, despite global challenges such as geopolitical tensions and trade uncertainties. Inflation has eased, and government reforms are driving growth. India's fiscal and monetary policies are set to sustain economic resilience.

India's economy is on track to expand by 6.5% in the fiscal year 2025, as reported by the Department of Economic Affairs. This growth is largely attributed to robust performances in the agricultural and services sectors, supported by increasing consumption and strong export figures in both merchandise and services.

Despite significant global challenges, including geopolitical conflicts, trade policy unpredictability, and volatile financial markets, India's economic prospects remain largely positive. The Department of Economic Affairs highlighted that a favorable outlook on commodity prices and domestic investment will be crucial for economic growth in the coming fiscal year.

Additional factors contributing to India's economic momentum include a drop in retail inflation to 3.6% in February 2025 and a promising outlook for food inflation due to increased agricultural productivity. Fiscal policies balanced between growth and welfare, alongside strong domestic investment rates, reinforce the nation's economic stability.

(With inputs from agencies.)