Indian economy stands out with strong show: Finance Ministry

India’s finance ministry highlighted the country’s “promising economic performance,” citing resilient growth, stable prices, and a strong external sector in its monthly economic report for March. Despite global uncertainties, India’s economy remains robust, driven by factors like domestic demand, investment, and manufacturing momentum. The report also noted favorable monsoon forecasts, which are expected to boost agricultural output and ease inflation concerns. Additionally, India’s trade deficit is projected to improve, supported by initiatives like the production-linked incentive schemes and recent trade agreements.