New Delhi, Oct. 15 -- Union Minister of Commerce & Industry, Piyush Goyal highlighted on Wednesday the International Monetary Fund's (IMF) recent revision of India's growth estimate, which increased from 6.4% to 6.6% for this year, stating that this upward revision is an indication to India's strengthened economy, driven by increased consumer spending, accelerated investment in infrastructure, and a confident business atmosphere.

He also attributed the growth to the government's proactive measures, including reduced GST rates, which have led to increased consumer spending and GST collection. Goyal futher showed optimism, stating that with a 7.8% GDP growth in the first quarter, India is set not only to meet but possibly exceed the IMF's ...