India Ratings raises GDP growth forecast for FY’24 to 6.7% from 6.2%?
Economy Business
India Ratings and Research (Ind-Ra) has revised upwards its GDP growth estimate for FY24 to 6.7 per cent from 6.2 per cent earlier. The revision is led by a number of factors, including the resilience of the Indian economy (which grew 7.6 per cent yoy in 2QFY24); sustained government capex; the deleveraged balance sheet of corporates/ banking sector; prospects for a new private corporate capex cycle; and sustained momentum in business and software services exports, coupled with remittances from across the world .
India Ratings and Research (Ind-Ra) has revised upwards its GDP growth estimate for FY24 to 6.7 per cent from 6.2 per cent earlier.
India Ratings raises GDP growth forecast for FY’24 to 6.7% from 6.2%
Fiscal deficit expected to touch 6% of GDP, against target of 5.9%
About GDP (Gross Domestic Product):
GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period.
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