The growth momentum witnessed by the Indian economy in the July-September quarter is likely to continue in October-December and even in January-March, and it is expected to “comfortably” achieve a growth rate of over 6.5 per cent for 2023-24 (FY24), the Finance Ministry’s Department of Economic Affairs (DEA) said in its half-yearly economic review for FY24. According to the DEA, the Indian economy’s high frequency indicators (HFIs) for October and November demonstrate robust economic activity and the trend is expected to continue through the fourth quarter as well.
Although the DEA cautioned against downside risks emanating from “smouldering inflationary pressures” in advanced economies and re-emerging supply chain disruptions due to persistent geopolitical stress, it sees domestic economic momentum, low-to-moderate input cost pressures, and anticipated policy continuity as “significant” buffers against them.
You have exhausted your monthly limit of free stories.
Register to read more stories
Continue With:-
Google
Facebook
Email
Already have an account? Sign in