NITI Aayog’s Arvind Virmani keeps India GDP growth forecast at 7%, plus or minus 1%

The Economic Times, with inputs from ANI, reports that Virmani retained his 7% India GDP growth forecast with a plus-or-minus-1% range. He cited unresolved trade issues and global developments as sources of uncertainty and said he would not revise his full-year estimate based solely on 7.8% growth in the first quarter of FY27. He also backed a gradual shift toward cost-based merchant discount rates for UPI transactions.