India's growth prospects remain intact for FY24, but negative cross-border spillovers and other adverse global developments may deter potential high growth, according to the finance ministry. However, the country's domestic dynamics continue to be robust, with solid fiscal performance and sustained growth momentum gathering from the March to June quarter. Despite external headwinds, the government's recent emphasis on capital spending has led to crowding in of private investment and its exports are expected to perform well, driven by strong performance by the services sector and increased digitisation. The International Monetary Fund recently revised up India's FY24 growth forecast to 6.1%.