India likely to sustain 7% economic growth in FY 2026-27, says FM Nirmala Sitharaman
Mumbai, Aug. 31 -- Finance Minister Nirmala Sitharaman said that India is likely to sustain an economic growth rate of 7 per cent or more in the financial year 2026-27. In a recent address, she said India is likely to maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions following the US-Iran conflict and the closure of the Strait of Hormuz. She said that the disruption in the Strait of Hormuz due to West Asia conflict initially affected supplies of key commodities such as crude, petroleum products and fertilisers to India, but the country managed to reroute supplies. The Finance Minister highlighted that the government has also kept fertiliser prices unchanged for farmers through subsidies despite a...
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