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Difficulties in reaching 6.5% growth target

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The RBI has set a growth target of 6.5% for the GDP forecast for FY24, but analysts are uncertain it will come to fruition. With a sluggish global economy and rural consumption drag, estimates range from 5.5% to 6.7%. Despite risks such as a weak monsoon, the RBI remains optimistic about growth factors such as normalisation in supply chains. While the RBI's growth projections remain unchanged, analysts remain uncertain about the GDP outlook.

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