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1. What is the projected GDP growth rate for India in the fiscal year 2024-25 according to NITI Aayog?
NITI Aayog member Arvind Virmani has projected that India's economy will grow at a rate of 7% in the fiscal year 2024-25. This optimistic forecast indicates expectations for robust economic recovery and growth momentum, driven by recovering private consumption and potentially increased foreign direct investment amidst favourable global economic conditions. The projection underscores efforts to sustain and accelerate economic growth in India, contributing to broader fiscal stability and developmental goals.