India's economy shows strength amid global turmoil

DESPITE the uncertainties in the global economy, marked by tariff wars and increasing geopolitical tensions, the Reserve Bank on Wednesday said the country's economy portrays a picture of strength, stability, and opportunity.

- BENN KOCHUVEEDAN @ Mumbai

The provisional estimates released by the National Statistical Office (NSO) said the real GDP grew 6.5% in fiscal 2024-25, boosted by an unexpected 7.4% growth in the final quarter. In his foreword to the June issue of the monthly bulletin, governor Sanjay Malhotra said, "In this global milieu, our economy presents a picture of strength, stability, and opportunity." The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geopolitical tensions, the June bulletin said.