Key Points
Strong consumer demand will help India retain its spot as the fastest-growing economy in 2024 despite global headwinds, industry body Associated Chambers of Commerce & Industry of India said Thursday..
The chamber noted that consumer demand would likely drive investment in construction, hospitality, and infrastructure, including railways and aviation...
India Inc., led by financials, construction, hotels, aviation, automobile and other manufacturing areas like electronics, are on a strong pitch to further improve performance in the new year, the body noted in a statement, pointing to low crude oil prices helping drive growth...
Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24...
''India's macro picture looks quite convincing with the overall economy following a growth trend of 7% with critical building blocks combining to give it brighter prospects,'' said Deepak Sood, secretary general, Assocham...
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