NEW DELHI: India’s economic momentum remains intact despite a somewhat erratic monsoon, and real GDP growth of 6.5-7% projected in the Economic Survey seems appropriate, a finance ministry report said on Thursday. According to the monthly economic review for July, the Indian economy has sustained its momentum in the first four months of FY25. GST collections in the first four months of FY25 underwent a level shift pushed up by the widening of the tax base and heightened economic activity, the report said.On the fiscal front, it said, the Union Budget FY25 has laid out a glide path of fiscal consolidation.
