India’s growth outlook strong, trade diversifies amid U.S. tariff tensions

The Indian government’s September economic report says the economy is on track for strong expansion this fiscal year, supported by robust domestic demand, easing inflation and recent consumption tax cuts. Prices are expected to stay soft in the financial year ending March 31, helped by a positive outlook for food production despite reduced acreage under oilseeds and cash crops. The report also highlights that exports are diversifying as India seeks to reduce reliance on a few markets.