India increases growth forecast for fiscal year

India's Ministry of Finance expects India's economy to grow at a pace of 7.3% in the current fiscal year based on its latest assessment of current data, it said in its October economic review . The estimate is a slight increase on the previous forecast of 7.1%. India's current fiscal year, known as FY27, runs from April 1, 2026 to March 31, 2027. The report contrasted these figures with global growth predictions of nearer 3%, saying "India's growth momentum, by comparison, has held firm." The ministry said growth in various key indicators like energy consumption, port traffic, goods and services tax (GST) collections, and car sales had accelerated in the previous quarter.