Virmani keeps India GDP forecast at 7% with wide uncertainty
In short
Economist Arvind Virmani kept his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%. He said unresolved trade issues and global developments are still a worry.
He also backed a gradual move to cost-based UPI MDR after subsidies helped build the payments platform. The outlook is steady, but the exact impact of trade and global risks is still not clear.
What the reporting says
Economist Arvind Virmani kept his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%. He cited unresolved trade issues and global developments as the reasons for the wide band, and also backed a gradual move to cost-based UPI MDR after subsidies helped build the payments platform. The immediate effect is a steadier outlook, but the main risk remains external.
Why it matters
Virmani kept the India growth view at 7% and said the range is wide because trade issues and global developments are still unresolved. He also supported a gradual shift toward cost-based UPI MDR after subsidies helped establish the platform. The comments matter for households, businesses and payments users because they point to policy and growth uncertainty, but the reporting does not say when any change would happen.