India's GDP outlook ‘bright’; 6.5% growth expected in FY24: FinMin
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
The slowdown in major economies may impact services trade activity, as per the latest WTO Services Trade Barometer.
The monthly index improved to 13% in Nov from 7.4% in October. The composite tool that gauges economic activity each month posted an average YoY expansion of 10.2% in Oct-Nov 2022.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.