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India's Ministry of Finance warns that geopolitical tension, oil price fluctuations, and disruptions in global trade and supply chains pose risks to the country's strong economic growth. The Ministry of Finance expects economic growth to remain resilient, forecasting a growth rate of 7.3% for the quarter ending September, although external pressure is being transmitted to financial markets. The Ministry of Finance called for reforms to maintain a higher growth rate and attract investment, saying “India must focus on creating an economic environment more conducive to competition, not just to enterprises.”
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India's Ministry of Finance warns that geopolitical tension, oil price fluctuations, and disruptions in global trade and supply chains pose risks to the country's strong economic growth. The Ministry of Finance expects economic growth to remain resilient, forecasting a growth rate of 7.3% for the quarter ending September, although external pressure is being transmitted to financial markets. The Ministry of Finance called for reforms to maintain a higher growth rate and attract investment, saying “India must focus on creating an economic environment more conducive to competition, not just to enterprises.”
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