India can sustain around 7% growth despite global concerns: Nilesh Shah

Economic Times - Oct 3, 2026

India is projected to experience approximately 7% economic growth this year despite higher oil prices and deficient rainfall. Nilesh Shah, a member of the Prime Minister's Economic Advisory Council, expressed optimism about the economic momentum. The rising oil prices are a key concern as they could impact inflation and economic growth. Shah highlighted the importance of managing the Unified Payments Interface costs for maintaining effective financial services.

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