According to the Morgan Stanley report, India's GDP in FY24 would grow at 6.2 percent.
Inflation in India is likely to be below 5% in the second quarter of the calendar year 2024.
The headline consumer price index (CPI) for March was in line with expectations.
Morgan noted that the key to sustained domestic demand is a pickup in capex, which will help create more jobs, thus leading to a virtuous cycle of more jobs-to-higher income-higher savings-higher investment..
Source : Odisha TV
Published On : April 23, 2023
Category : Indian Economy