India official assures no downside risk to growth forecast despite moderation

India's Economic Affairs Secretary, Ajay Seth, expressed confidence in the government's growth forecast for the current year, which ranges from 6.5% to 7%. Despite certain sectors experiencing a slowdown, others are witnessing increased demand, indicating a balanced economic outlook.

Seth emphasized that the moderation in certain economic indicators does not suggest any potential for growth to fall below the government's projections. These remarks were made during an event in New Delhi, reinforcing confidence in the resilience of the Indian economy amidst varying sector performances.

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