India's GDP aim faces risks from a little boy, a sturdy cartel & big economies

India's 6.5% real economic growth aim for this financial year faces increasing risks from so-called little boy or El Nino, heavyweight oil cartel's surprise output cut and banking risks in some advanced economies, which can chase away the favourable combination of growth and inflation outcomes currently anticipated. The downside risks to the official forecast of 6.5% for real GDP growth in FY24 dominate upside risks, the finance ministry wrote in its monthly economic review.