GDP growth seen at upper end of 6.3-6.8 pc: FinMin

The government’s direct tax exemptions and fiscal measures, along with the rate cuts from the Reserve Bank of India, are expected to further stimulate consumption and investment to lift FY26 growth towards the upper end of forecasts of 6.3% to 6.8%, given in the latest Economic Survey, according to the Finance Ministry’s latest monthly report for April. A successful US-India bilateral trade agreement could flip current headwinds into tailwinds, opening up new market access and energising exports. India and the US are likely to agree on an interim trade agreement before July 8, with New Delhi pushing for full exemption from the 26% reciprocal tariff on domestic goods. Multiple agencies project India’s growth at 6.3-6.7% in FY26, supported by robust domestic fundamentals, stable macroeconomic management and growing government capital expenditure, while declining inflation strengthens this outlook, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!