India's GDP to grow 7.35% in second quarter, government projects

India's government has projected robust economic growth of 7.35 percent for the second quarter of the fiscal year, signaling continued momentum in the country's expansion even as global uncertainties persist.

The forecast reflects confidence in India's ability to maintain steady growth trajectories across key economic sectors. Officials pointed to the strength of India's external position as a key stabilizing factor, with the country's balance of payments position remaining resilient despite international pressures.

The Reserve Bank of India's monetary policy framework has played a supporting role in maintaining economic stability, complemented by strong capital inflows into the country. These factors have helped sustain India's foreign exchange reserves at adequate levels, providing a buffer against external shocks.

Analysts credit a combination of domestic demand, investment activity, and policy support for the projected growth rate. The projection comes as policymakers continue to navigate challenges emanating from global economic uncertainties while focusing on sustaining domestic expansion and maintaining macroeconomic stability.