High policy rate not impinging on growth, economic activity well sustained: RBI Guv Das
Reserve Bank Governor Shaktikanta Das has stated that elevated interest rates are not hindering economic growth, which remains robust. The RBI kept the policy rate unchanged, with growth projected at 7.2% for the fiscal year. Future rate decisions will hinge on growth-inflation dynamics. Key Points
Economic TimesIn manufacturing vs services debate, RBI Governor picks neither side. Recommends multi-sectoral focus
Speaking at an event in Delhi, Shaktikanta Das said India’s potential growth rate was 7.5% & economy could 'eventually' grow at 8%, adding the current yr's growth was expected to be 7.2%. Key Points
ThePrintET World Leaders Forum: Cautiously optimistic on global economy, says Rich Lesser, Global Chair, BCG
Rich Lesser, global chair of Boston Consulting Group, expresses confidence in the economic prospects of India and the US. BCG has seen significant growth in India and expects continued success. The US economy is also expected to remain strong regardless of the upcoming presidential election. Lesser highlights the resilience of these economies and the potential for AI and technology advancements. Key Points
Economic TimesIndia’s Q1 GDP grows at 6.7%, lowest in 5 quarters
Q1 GDP growth: While the 6.7% growth is broadly in line with what experts had estimated, it falls short of the Reserve Bank of India's (RBI) projection of 7.2% for the same period. Key Points
India TodayLok Sabha polls, reduced spending: RBI Governor's reasons for Q1 GDP fall
India's GDP growth slowed to 6.7 per cent in the April-June quarter, down from 8.2 per cent a year ago. Key Points
India Today
India Q1 GDP growth preview: What to watch out for
Analysts predict growth in the range of 6%-7.1% for Q1 FY25, compared with 7.8% in the previous quarter (Q4 FY24). Rating agencies and financial institutions have varying expectations for Q1 GDP growth. Key Points
India TodaySensex, Nifty end higher as investors await Q1 GDP data; RVNL up 4%
The S&P BSE Sensex rose 231.16 points to 82,365.77, while the NSE NIfty50 settled 83.95 higher at 25,235.90. Key Points
India TodayGoldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
Goldman Sachs lowered India's economic growth projection by 20 basis points for the next two years, highlighting a significant drop in government spending as a key factor. The new forecasts are 6.7% for 2024 and 6.4% for 2025. The Reserve Bank of India's stricter lending rules and fiscal constraints are expected to slow growth, despite potential easing of monetary policy. Key Points
Economic TimesModi: India’s growth, stability exception in uncertain world
Aditi Tandon Tribune News Service New Delhi, July 30 In his first post-Budget remarks on Tuesday, Prime Minister Narendra Modi said he was an “exception to the rule of politicians forgetting promises once elections are over”, and assured that India... Key Points
The TribuneIndia Ratings sees rise in private consumption led by rural demand
India Ratings and Research predicts a rise in private consumption in FY25, driven by rural demand recovery due to a normal monsoon and moderating inflation. This will lead to more balanced growth, reducing the disparity between premium and value segments. Urban demand will continue to grow but at a slower pace. Key Points
Economic Times
India needs to growth at 8%, say MPC members who voted for rate cut | Today News
Ashima Goyal joined Jayanth Varma at the last MPC meeting to seek lower interest rates and a change in monetary policy stance to neutral. Both believe that otherwise, growth will take a hit. Key Points
mintAs retail sales growth slow, retailers to cut deep discounts to drive profits
Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England Key Points
Economic TimesGovernment expects economy to expand 7% in FY25 on good monsoon
Government expects a good monsoon to spur farm sector activity and help sustain the growth momentum, projecting a GDP expansion of around 7% during the current financial year. The estimate is based on resilient domestic economic activity, strong investment demand, and positive business and consumer sentiments. Key Points
Times Of IndiaIndia’s GDP grows at 7.8% in Q4FY24, full-year growth pegged at 8.2%
Q4 GDP growth: India's GDP growth stood at 7.8% in the March quarter, while the full-year growth has been pegged at 8.2%. Key Points
India TodayExtreme deprivation, once synonymous with India, is set to become extinct: RBI
The Reserve Bank of India, in its monthly bulletin, highlighted India's imminent economic upturn, noting international recognition and anticipation of poverty eradication. The central bank emphasized growing optimism globally and cited commendation from external agencies like the International Monetary Fund for India's significant strides in reducing poverty. Key Points
Economic Times
UN raises India’s GDP forecast for FY24 to 6.9%
The United Nations has revised upwards India’s growth projections for 2024, a month after the World Bank did so. However, the UN’s revised... Key Points
The Tribune IndiaIndustrial production in India grows by 4.9% in March 2024
The manufacturing sector saw a growth of 5.2% in March, up from 5% in February. Key Points
India TodayState Bank of India records fourth quarterly profits, predicts steady credit growth in 2024
SBI chairman Dinesh Khara said that the bank expects to maintain credit growth of 14%-16% in the current fiscal year. It also reported overall growth of 15.24% at the end of March. Key Points
ThePrintScientists find potential treatment target for leading cause of blindness
AMD is a condition characterised by abnormal blood vessel growth in the back of the eye.. US scientists have found answers to why treatment for... Key Points
The Tribune IndiaDeloitte projects India’s GDP to grow at 6.6% in FY2024-25
Deloitte India on Friday said it estimates India’s GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports... Key Points
The Tribune India
RBI meet starts today; panel likely to stay put on rates as CPI inflation beyond comfort zone
RBI's MPC is expected to maintain 6.5% repo rate amid inflation above 4%. Shift to 'neutral' stance is possible. GDP growth strong, rate cuts unlikely. Key Points
Economic TimesETMarkets Fund Manager Talk: This fund manager is betting on 3 major themes to play on the India growth st
Ambit Asset Management and Bhargav Buddhadev are bullish on mass consumption, manufacturing, and exports. Positive outlook on market share regaining, margin improvement, chemical, and consumer discretionary companies. India's growth potential remains promising. Buddhadev further says: We believe smallcaps should not be viewed through a different lens, especially now, given that several companies have also become liquid. Key Points
Economic Times‘Accounts for the bulk of South Asia’s economy’: World Bank projects India’s growth at 7.5 for 2024
World Bank, in its report, credited India's robust growth for the economic growth in the region. The recoveries in Pakistan and Sri Lanka economies also drove the growth in the region. Key Points
Business TodayWorld Bank projects Indian economy to grow at 7.5% in 2024
Indian economy set to grow at 7.5% in 2024, with South Asia expected to grow at 6.0%. Concerns include fiscal positions and climate shocks. India's inflation remains within RBI's target range, signaling positive financial indicators. Key Points
Economic TimesPoor nations are writing a new handbook for getting rich
The recipe -- customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China -- has produced the most potent engine the world has ever known for generating economic growth. It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living. Key Points
Economic Times
China's March factory activity expands for first time in six months
China's manufacturing activity saw growth after six months in March, as per the official purchasing managers' index, rising to 50.8 from 49.1 in February. The non-manufacturing PMI also increased to 53 from 51.4, while the composite PMI stood at 52.7, indicating positive trends. Key Points
Economic TimesCareEdge expects India's GDP to grow 7.6pc in current financial year 2023-24
New Delhi [India], March 29 (ANI): CareEdge Ratings expects India’s GDP to growth at 7.6 per cent in 2023-24 ending on March 31, and around 7 per cent in the next financial year 2024-25. According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment […] Key Points
ThePrintBank credit growth in India expected at 14-14.5pc in FY25: CareEdge Ratings
New Delhi [India], March 29 (ANI): CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, […] Key Points
ThePrintCore sector growth hits 3-month high of 6.7% in February
Feb core sector growth reached a three-month high, led by three segments with the fertiliser sector contracting. Fiscal deficit hit 86.5% of the full- Key Points
Times Of IndiaSmallcap index gave 70% return this year. Will it be a repeat performance in FY25? Chakri Lokapriya answer
Chakri Lokapriya anticipates a strong year with robust fundamentals in new sectors. Smallcap index saw a 70% return. Focus on investors, traders, NBFCs, auto sector players like Maruti and TVS Motors, and companies like Shriram Finance, SBI, VIP and Safari. Also, Lokapriya says we will continue to hold on to Indian Hotels, Chalet Hotels, Lemon Tree, Thomas Cook. Key Points
Economic Times
Rise in investments will generate more jobs this decade: CEA
V Anantha Nageswaran anticipates more job opportunities with improved capital formation, evidenced by positive signs in various sectors. The economy shows potential for growth with streamlined policies and a focus on job creation. Key Points
Economic TimesChina's 2024 growth expected at 4.6%, versus 5.2% in 2023: S&P
New Delhi [India], March 26 (ANI): China’s GDP growth is poised to slow to 4.6 per cent in 2024 from 5.2 per cent in 2023, said S&P Global Ratings, backing its argument that its forecast takes into account the continued strain from property weakness and modest macroeconomic policy support. According to the global rating agency, […] Key Points
ThePrintS&P ups India growth forecast to 6.8 pc for FY'25
New Delhi, Mar 26 (PTI) S&P Global Ratings on Tuesday raised India’s growth forecast for the next financial year to 6.8 per cent, but flagged restrictive interest rates as a dampener for economic growth. The Indian economy is estimated to have clocked a growth of 7.6 per cent in the current fiscal. In November, last […] Key Points
ThePrintExpert view: Expect moderate gains in 6-12 months; General Election key trigger for market, says Rahul Bhuskute
Rahul Bhuskute, CIO of Bharti AXA Life Insurance anticipates positive mid-single-digit to low double-digit returns in Indian markets. He discusses the impact of General Elections 2024 and highlights potential opportunities. Key Points
mintCredit growth to rise even as some sectors show high NPA levels
India's credit growth, supported by economic expansion and retail lending, faces NPA challenges. The FICCI-IBA survey predicts a positive banking outlook with a resilient economy, robust investment, and optimistic non-food industry credit growth. Key Points
Economic TimesCredit growth in India to fall over slowdown in retail deposit: Emkay Institutional Equities
New Delhi [India], March 21 (ANI): Credit growth in India is expected to moderate down to 12-14 per cent on a yearly basis over the financial year 2024-25-2026-27 from the current 16.5 per cent, according to Emkay Institutional Equities. The loan-to-deposit ratio (LDR) is expected to fall to a reasonable level of 75 per cent […] Key Points
ThePrintETMarkets Smart Talk: Big money made when a midcap/ smallcap stock is in Nifty100 league: Sameer Kaul
Sameer Kaul advises caution on high valuations and recommends quality large-cap investments. FY25 may not repeat FY24 returns. Various sectors show promise. Gold prices hit record highs. RBI emphasises stronger credit standards and KYC norms. Kaul says: We continue to advocate a disciplined approach of regular investment and refrain from the temptation of putting a qualitative tag on the market regarding its worth or the lack of it Key Points
Economic TimesI am a big believer in investment-led growth and that is one big area that we need to sustain: Sanjeev Sa
Sanjeev Sanyal emphasizes sustained growth, calling for progress in infrastructure, private sector investment, and administrative reforms. He underscores the need for a modernized legal system and continuous government process re-evaluation to maintain India's positive economic trajectory. Sanyal says: We need a big process reform agenda which seeps into the whole government process so that we are continuously cleaning up processes, laws and so on and that has to be done in an institutionalised way. Key Points
Economic TimesFitch raises India’s FY25 growth forecast to 7%
Fitch Ratings raised India's FY25 growth forecast to 7%, driven by robust domestic demand and investment. India's economy showed over 8% growth in the first three quarters of the year. Fitch projects FY24 growth at 7.8% and expects inflation to cool to 4% by the end of FY25, prompting potential rate cuts by RBI. Key Points
Economic TimesFitch raises India's FY25 GDP forecast to 7 % from 6.5% earlier, sees 50 bps rate cut from RBI
The development comes amid calls of upgrade after India's recent estimate-beating 8.4% growth in the third quarter. Key Points
Business Today
Little stocks in big trouble! 374 smallcaps fall at least 30% from peak. Worst ahead?
Smallcap stocks are in bear territory, with losses up to 84% from high levels. Nifty Smallcap100 index was down 14% from peak. Worst losers include Ramky Infrastructure, Andrew Yule, IFCI, PTC India Financial Services, AGS Transact Technologies, Swan Energy, Railtel, and RVNL. Market experts weigh in on the situation. Key Points
Economic TimesDelayed rate cuts negative for Indian markets; investment opportunities galore in several sectors: Hemant Sood of Findoc
Hemant Sood, MD of Findoc, predicts a negative impact on the Indian market due to delayed US rate cuts. Delayed rate cuts may lead to FIIs pulling out money, impacting Indian markets negatively. Key Points
mintIndustrial growth slows to 3.8% in January; manufacturing decelerates
Industrial growth eased to 3.8% in January due to a manufacturing slowdown and slower public capex spending. Mining expanded 5.9% and electricity production increased 5.6%. Manufacturing growth eased to 3.2% in December. The factory output in January was 14.0% higher than the pre-COVID level. Key Points
Economic TimesFY24 GDP growth to be closer to 8 pc but we must not succumb to triumphalism and exuberance: CEA
India's Chief Economic Advisor, V Anantha Nageswaran, predicts the real GDP growth for FY24 to be around 8%, surpassing the Ministry of Statistics' estimate of 7.6%. Nageswaran highlights optimism in industry and services, cautioning against complacency. He emphasizes sustained growth efforts, with industry and services leading, while agriculture faces challenges due to delayed monsoons. Key Points
Economic TimesIndian economy is resilient... changes in bilateral trade are a huge opportunity, says Crisil CEO
The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy, says Crisil CEO Amish Mehta Key Points
Economic Times
Carmakers raise FY24 sales growth projection to 8.2%
India's car industry has revised its growth projections to over 8%, driven by strong passenger vehicle sales and domestic consumption. The industry remains optimistic about growth, supported by low-interest rates, controlled inflation, and a fast-growing economy. Moody's raised its GDP growth forecast for India to 8% from 6.6%. Key Points
Economic TimesMG Motor India anticipates accelerated growth path with JSW Group's investment, says CEO Emeritus Rajeev C
MG Motor India is poised for rapid growth with the backing of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Chaba expressed optimism about the future, stating, Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans. Key Points
Economic TimesPharma market grows 9% in Feb on price increase, new products
India's pharmaceutical market witnessed a robust 9% month-on-month growth in February, driven by strong performance in cardiology and anti-infective therapies. However, the respiratory segment saw negative growth in both value and units. The growth was primarily attributed to price increases and new product launches. Antibiotic Augmentin retained its position as the top-selling drug, with other key players including Rosuvas, Thyronorm, Liv 52, and Pan. Anti-diabetic drug Rybelsus continued its triple-digit growth trend. Key Points
Economic TimesNifty 50 may reach 25,200 level by March 2025; premium valuation justified by cyclical, structural tailwinds, says UBS
Nifty 50 index has risen 3.5% year-to-date (YTD) and hit a new all-time high on March 7 on the back of strong macro, healthy corporate earnings, and steady domestic institutional investor (DII) buying. Key Points
mintIndia’s surprise GDP reading wasn’t only one-off factors, CEA says
India's Chief Economic Adviser, V Anantha Nageswaran, indicates that the surprise 8.4% GDP surge in the last quarter of 2023 is not solely due to one-off factors. He highlights underlying momentum, emphasizing that high-frequency indicators and 8% growth in the previous two quarters suggest sustained economic strength. Key Points
Economic Times
RBI Guv Shaktikanta Das sees India growing close to 8% in FY24
RBI Governor Shaktikanta Das expects India's economic expansion in FY24 to be close to 8%, higher than official estimates. He clarified that recent RBI action was targeted at Paytm Payments Bank, not fintech companies. Internal surveys indicate high capacity utilisation and expectations of private investment picking up. Key Points
Economic TimesEconomic basics suggest RBI’s 6.5% policy rate is apt
A good look at the impact of monetary policy on credit and GDP growth would argue against easing. One need not be a monetarist to agree that price stability should remain the central bank’s priority. Key Points
mintIndian economy to grow 6.8% in FY25, inflation to ease to 4.5%: Crisil
Crisil predicts India's economy will grow at 6.8% in the next fiscal year, maintaining its position as the fastest-growing large economy. Factors include a rise in private sector capex, but higher interest rates and reduced fiscal impulses may moderate growth from the estimated 7.6%. The report notes ongoing effects of rate hikes by the Reserve Bank of India and potential challenges from geopolitics, global recovery disparities, climate change, and technology disruptions. Key Points
Economic TimesIndia's GDP growth to exceed govt estimate of 7.6% in FY24, may touch 8%: RBI Governor Das
Reserve Bank of India Governor Shaktikanta Das predicts India's current fiscal year GDP growth to surpass the government's estimate of 7.6%, possibly reaching 8%. He expresses optimism about the next fiscal year, foreseeing a 7% growth rate. This aligns with a similar outlook from the State Bank of India, emphasizing the resilience of India's economic performance. Key Points
Economic TimesServices sector PMI eases in Feb to 60.6 from 61.8 in Jan
India's service sector growth slowed in February, but remained robust, according to a private survey. The HSBC India Services Business Activity Index fell to 60.6, from 61.8, indicating expansion. Despite the decline, service activity reached its second highest level in five months. However, milder growth clouded the business outlook. Of the 400 firms surveyed, 26% expect growth in the year ahead, while 2% predict a decline. Key Points
Economic Times
Service activity eases to 60.6 in February; optimism dips
India's services activity eased to a reading of 60.6 in February, down from 61.8 in the previous month, according to a private survey. While the seasonally adjusted HSBC India Services Business remained above the 50 level indicating expansion, the milder growth affected business outlook. International sales, however, saw one of the highest rates of expansion in nearly 10 years Key Points
Economic TimesServices growth remained robust in February, but slowed slightly: PMI
Tuesday's survey injects a sense of optimism in the industry, the engine of economic growth and jobs, suggesting Asia's third largest economy will continue to grow at a world-beating pace this year after registering 8.4% last quarter. Key Points
Economic TimesMoody's lifts GDP forecast to 6.8% from 6.1% for 2024
"India's economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%. India i Key Points
Times Of IndiaIndia's 2024 GDP may see another push, to rise from 6.1% to 6.8%: Report
A Moody's report has predicted that India's GDP in 2024 may see a rise of 0.7 percent, according to early forecasts of the economy. Key Points
Hindustan TimesIndia’s growth forecast revised upward to 6.8% in 2024 and 6.4% in 2025: Moody’s
The rating agency also revised the 2025 forecast upwards to 6.4% in its Global Macro Outlook 2024-25 from 6.3% projected in November 2023, projecting India to be the fastest-growing economy over the next two years. Key Points
Economic Times
Mint Primer: What a scorcher: Can India sustain this torrid pace of growth?
To the surprise of many, India's Q3 FY24 GDP growth came in at 8.4%. How did the Indian economy achieve this, and can it keep this momentum up? Key Points
mintAfter GDP data, Feb numbers show economy continues forward march
India's economy continues to cruise with 8.4% expansion in Q4. GST collection surged 12.5%. Auto firms saw highest monthly sales. Manufacturing activity hit a five-month high. Deloitte India highlights broad-based consumption increase. HSBC India Manufacturing PMI strengthens. Car sales reach all-time high. UPI transactions and coal production rise. Electricity consumption and railways freight show growth. Key Points
Economic TimesEconomists raising India's FY25 growth forecast on good nine-month show
A revival in spending by private enterprises and tailwinds from expected monetary easing sometime later in the year are expected to keep the economy chugging at the current world-beating pace. growth for the full year FY24 is now seen at 7.6%. An ET poll conducted before the GDP (gross domestic product) data release had pegged FY25 growth at a median of 6.5%, with forecasts ranging from 5.4% to 7.1%. Key Points
Economic TimesGST, PMI numbers bolster India's economic growth credentials
GST collections grew 12.5% y-o-y last month; fiscal growth 11.7% Key Points
mintTwo top officials explain the 'divergence' behind India's stunning growth numbers
GVA, which is a measure of the total value of goods and services produced in the economy and excludes indirect taxes and subsidies, grew 6.5%, prompting economists to say that GDP data overstated growth trends. Key Points
Business Today
Why Raghuram Rajan is trending on social media after India's blowout GDP numbers
Former RBI governor Raghuram Rajan's forecast of 5% economic growth in 2023-24 trended on social media after India's October-December GDP figures were released. The final quarter of 2023 sees robust growth in manufacturing and construction, driven by increased infrastructure spending and incentives for manufacturing. Key Points
Economic TimesHow India's GDP grew by 8.4% in Q3, propelled by strong performance in industrial & services sectors
And despite a 0.8% contraction in the agricultural sector, the overall Q3 performance has prompted an upward revision in full-year growth estimates to 7.6% in the 2nd Advance Estimates. Key Points
ThePrintKey infra sectors’ growth slows to 15-month low of 3.6% in Jan
The growth of eight key infrastructure sectors slowed to a 15-month low of 3.6 per cent in January, on account of poor performance of sectors like... Key Points
The Tribune India'An 8% growth economy': Barclays floored by India's blockbuster Q3 GDP numbers
The bank also revised upward its prediction for 2024-25 by 50 basis points to 7 percent. One basis point is a hundredth of a percentage point. Key Points
Business TodayEconomy on fire: India's GDP revised up again
At 7.6%, the latest growth estimate for 2023-24 is better than the 7.3% the government had earlier predicted, although our growth needs to be broader based. The farm sector has stagnated. Key Points
mint
Core growth hits 15-month low of 3.6% in January, high base weighs
The slow growth in the eight core industries - cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel - is likely to be reflected in industrial output as well. These sectors have over 40% weight in the Index of Industrial Production (IIP). We could expect IIP growth to be 2-3% this month. We do not expect any resurgence in consumer goods production this month and hence (growth) will be muted, said Madan Sabnavis, chief economist, Bank of Baroda. Key Points
Economic TimesSingapore taps foreign talent as labour crunch worsens, birth rate falls
Singapore grapples with a labour shortage due to falling birth rates. The government seeks foreign workers to sustain economic growth in the digital economy. Singapore emphasizes self-reliance and sustainable growth to secure a better future. Key Points
Economic TimesGDP growth at 8.4% in 3rd quarter, fastest in 1.5 years
India Business News: The Indian economy grew at its fastest pace in the third quarter, with a GDP growth rate of 8.4%. This is the highest growth rate in 1.5 years. Find out more about India's GDP growth and its impact on the economy. Key Points
Times Of IndiaIndian economy grows 8.4% in Q3FY24; full-year estimate up to 7.6%
The Indian economy experienced a faster-than-anticipated expansion of 8.4% in Q3FY24, pushing FY24 growth to 7.6%, up from 7.3% in January. The growth was primarily driven by investment and manufacturing, but also by a downward revision to the previous year's numbers and a boost in net taxes. The growth reached its highest level in one and a half years, with the FY23 number revised downwards to 7% from 7.2% projected earlier. Key Points
Economic TimesCEA Anantha Nageswaran has a message for global rating agencies after surprise 8% growth
"Overall, the economy ticks many boxes in the right way...so there is a case for international agencies to reappraise their estimate of potential GDP growth in India closer to 7 percent, if not above," he said. Key Points
Business TodayExpert welcomes GDP growth forecast for 2023-24
Kolkata, Feb 29 (PTI) Chief economist of Bandhan Bank Siddhartha Sanyal welcomed the GDP growth forecast of 7.6 per cent for 2023-24 released by the National Statistical Office (NSO) on Thursday. Sanyal said, “The GDP growth number for 2023-24 will be highest in seven years, barring 2021-22, which had shot up due to the statistical […] Key Points
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