Arvind Virmani sticks to 7% GDP growth forecast for India despite risks

Economist Arvind Virmani has reiterated his projection that India will achieve a 7% expansion in gross domestic product for the current fiscal year. In a recent statement, he emphasized that the forecast remains unchanged despite a range of uncertainties affecting the global and domestic environment.
He warned that the outlook is still exposed to several risks, including external economic headwinds and internal policy challenges, but argued that the country's structural strengths provide a buffer against major setbacks.
Virmani’s steadfast outlook is likely to influence policymakers and market participants as they navigate the coming months, reinforcing expectations of robust growth while remaining vigilant to evolving risks.