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India’s economy continues to show resilience, defying global economic uncertainties. According to the latest report from the Reserve Bank of India (RBI), the country’s GDP is expected to grow at a robust 7.3% in the current fiscal year, making it one of the fastest-growing major economies in the world.
Key Factors Driving India’s Economic Growth:
- Strong Domestic Demand: The rise in consumer spending and investments in infrastructure have fueled economic expansion.
- Government Reforms: Policies like ‘Make in India’ and the PLI (Production-Linked Incentive) Scheme have encouraged industrial growth.
- Tech and Start-up Boom: India’s digital economy continues to thrive, with record investments in fintech, e-commerce, and AI-driven businesses.
Challenges Ahead
Despite positive trends, rising inflation and global supply chain disruptions pose challenges. However, India’s economic resilience, coupled with strong policy measures, is expected to mitigate these risks.
For more updates on India’s economic landscape, stay tuned to Prime 24 Seven.
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