India To Grow In Line With Trend In FY2024/25
Country Risk / India / Mon 03 Jun, 2024
Key View
- Economic growth slowed according to both GDP and GVA data for Q1 2024 and we continue to forecast a 7.0% rise in GDP for FY2024/25 (April - March).
- We are seeing some improvement in the private consumption outlook, as falling inflation supports real wage growth.
- By contrast, we now expect investment growth to slow due to high interest rates.
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