UN upgrades India’s 2024 GDP growth forecast to 6.9%
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Household finances, workers’ wages, agricultural income are going down, severely damaging key growth engine—consumption
Deloitte states that by 2030/31, half of India's households will fall into the middle-to-high-income bracket, further boosting consumer spending.
The chamber estimates that the contribution of services to India’s GDP will be 54%, followed by industry (34%) and agriculture (12%) in 2047.
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
India's GDP growth is forecast to slow to 7% in FY25 but improve to 7.2% in FY26.
The investment rate, or the proportion of GFCF in GDP, leaped to 32.4% in the December quarter, up from 31.8% in the same quarter the previous year.
India's output growth is expected to reach 7.5% in FY24, says World Bank
Non-bank micro credit lenders have widened their lead over banks with 39% market share.