India's Growth Outlook Upbeat Despite External Risks; 7% GDP Target for 2024
- GDP growth forecast upgraded to 7% by RBI and over 6.5% by Finance Ministry
- Global agencies also optimistic about India's growth prospects
- Risks mainly external - global demand, conflict zones, interest rate moves
- Interim budget on Feb 1 unlikely to have major announcements, full budget in July to outline broader reforms
- Hopes for rate cuts by RBI and other central banks to boost demand