India's GDP Growth Forecasts Revised Amid Global Economic Challenges

India's GDP growth forecast for the fiscal year 2023-2024 has been adjusted from 6.5% to 6.1%, according to the latest report by the Reserve Bank of India. The revision comes as the country faces mounting global economic challenges, including rising inflation and geopolitical uncertainties. Analysts suggest that domestic factors such as supply chain disruptions and monsoon variability have also contributed to the downward revision. The RBI has emphasized the need for robust policy measures to bolster economic growth and ensure stability in the face of external shocks. Despite the revisions, experts remain optimistic about India's long-term growth potential, citing strong domestic consumption and investment trends as key drivers for future economic performance.