Key Points
The United Nations has revised upwards Indias growth projections for 2024, a month after the World Bank did so..
However, the UNs revised GDP projection is a more modest 6.9 per cent for 23-24 as compared to 7.5 per cent by the World Bank last month...
In January, the UN had anticipated the Indian GDP growth for 2023-24 at 6.2 per cent due to strong growth in the manufacturing and services sectors...
However, the revised growth projections attribute the expansion to a lower-than-anticipated inflation rate of 4.5 per cent in 2023-24 as against 5.6 per cent in 2022-23..
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31, Mar, 24RBI expected to maintain key rate in April amid strong GDP growth. MPC to consider global cues. Forecast suggests rate cut unlikely before August 2024, emphasizing inflation targeting.
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World Bank says India’s growth to moderate to 6.3% in FY24 from 7.2% in FY23
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World Bank raises India's inflation forecast to 5.9% for FY24 on higher oil prices, abnormal monsoon
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World Bank projects Indian economy to grow at 7.5% in 2024
03, Apr, 24Indian 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.