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India Ratings and Research (Ind-Ra) has revised India s GDP growth estimate for FY25 upwards to 7.1 per cent, exceeding the Reserve Bank of India s forecast of 7.0 per cent. The agency s outlook is supported by government capital expenditure and a revival in private sector investment. Challenges include uneven consumption demand and export sector obstacles. Despite positive indicators, constraints remain, such as high inflation and geopolitical uncertainties affecting exports.

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