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
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