With these projections, its growth is on track to outpace that of other major economies, despite tensions with the USAbove: The Mumbai skyline. For the current financial year, the government estimates the economy will expand by 7.4%, driven by consumption and investment. PHOTO: REUTERS[MUMBAI] India’s government has predicted the economy will expand by as much as 7.2 per cent in the coming financial year, offering an optimistic outlook at a time of heightened uncertainty for global trade. “The outlook, therefore, is one of steady growth amid global uncertainty – requiring caution, but not pessimism.”With these projections, India’s growth is set to outpace that of other major economies, despite tensions with the US. The International Monetary Fund forecast 6.2 per cent growth in the coming financial year, if steep tariffs remain in place.