Despite all headwinds, the Indian economy is expected to grow at 7.3% in the first quarter of the financial year 2026-27 ending on June 30.
Manufacturing, mining, construction & financial services, real estate & professional services would be the major growth pillars in this growth. Agriculture, public administration and trade, hotels, transport, communication & services related to Broadcasting Services will drag the growth momentum.
Among all the problems, rising inflation in the economy is the biggest challenge for the Indian economy. Inflation since March has remained elevated. Not only this, but due to a weak monsoon, crop production is expected to remain weak. Speculation relating to sugar post-ethanol blending in petrol is already a problem.
Manufacturing, mining, construction & financial services, real estate & professional services would be the major growth pillars in this growth. Agriculture, public administration and trade, hotels, transport, communication & services related to Broadcasting Services will drag the growth momentum.
Among all the problems, rising inflation in the economy is the biggest challenge for the Indian economy. Inflation since March has remained elevated. Not only this, but due to a weak monsoon, crop production is expected to remain weak. Speculation relating to sugar post-ethanol blending in petrol is already a problem.
The economy is expected to grow at 7% this fiscal year. An annual growth of 7% is the new normal for the economy. Its opportune time for India when it can jump its growth rate into double digits.
Rajeev Upadhyay
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