India’s finance ministry asserts that the country remains the fastest-growing major economy, supported by strong domestic demand, rural growth, robust investment, and manufacturing momentum. Projections from international organizations like the IMF and RBI forecast high growth rates, with the IMF increasing India’s FY24 GDP growth projection to 7.8%. While global economic recovery is evident, regional variations persist, requiring vigilance on inflation management. India’s retail inflation dropped notably in FY24, prompting the RBI to maintain current policy rates and target further reduction to stabilize inflation at 4%. Despite challenges in exports due to global demand slowdown, the country’s non-petroleum and non-gems & jewellery merchandise exports show resilience, growing by 3% in FY24.