New Delhi, March 6 -- India's real GDP growth outlook has been upgraded to 7.0-7.4 pc for FY27 even as external uncertainties remain an important factor shaping the outlook, said the Monthly Economic Review (MER) released by the Department of Economic Affairs (DEA) on Friday here.
This upward growth projection is driven by recent successful trade deals and consecutive strong growth of 7 (plus) over the previous three years.
The report noted that the macroeconomic environment remains characterised by stable growth, contained inflation and continued reform momentum.
Commenting on the consequences for India in the backdrop of the recent US-Israel-Iran unrest, the MER said, "The implications of this conflict for India are significant and may...