India expects economic growth of 7.3%, which boosts Modi's chances in the elections

India expects economic growth of 7.3%, which boosts Modi's chances in the elections

AYODHYA, INDIA – DECEMBER 30: Prime Minister Narendra Modi during the road show at Rampath on December 30, 2023 in Ayodhya, India. Ahead of the dedication ceremony of the Ram Lalla temple in Ayodhya next month, Prime Minister Narendra Modi arrived in the temple city today, December 30, and inaugurated several projects worth a total of Rs 15,000 crore for Ayodhya. The projects include developments such as the airport, railway station, highways and doubling of the railway line. (Photo by Deepak Gupta/Hindustan Times via Getty Images)

Hindustan Times | Hindustan Times | Getty Images

India expects annual growth of 7.3% in the fiscal year ending in March, the highest rate among any major global economy, providing a boost to Prime Minister Narendra Modi ahead of national elections scheduled before May.

“These are early forecasts for 2023-24,” the National Statistical Office (NSO) said in a statement on Friday, adding that improved data coverage, actual tax revenues and government support spending may influence later revisions.

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