India's economy is poised to showcase strong growth, with a projected expansion of 7.3 per cent in the current fiscal year ending in March, according to the first advance estimates of annual gross domestic product (GDP) released by the National Statistics Office.

The outlook aligns with the Reserve Bank of India's (RBI) recent adjustment of its growth forecast, upgrading it to 7 per cent from the earlier estimate of 6.5 per cent.

The central bank's revised projection was indicative of India's favourable economic conditions and positive trends in various sectors.