India’s economy, on the upswing

This Article First Appeared In The Indian Express On Oct 17, 2023

The International Monetary Fund has recently upgraded India’s GDP growth forecast to 6.3 per cent for 2023-24, up 40 basis points from its April forecast. The RBI’s forecast remains unchanged at 6.5 per cent. While the latest geopolitical conflict in West Asia may have opened a pandora’s box, we still believe the Indian economy could grow at a faster pace than expected. Our growth projection for the full year is at 6.7 per cent.

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