India’s real GDP growth rate is likely to moderate marginally to 6.3 per cent in 2024 from estimated 6.4 per cent growth for 2023, according to a report from Goldman Sachs.
However, it is likely to be a tale of two halves, the report said. “Subsidies and transfer payments as we head into the general elections in Q2 2024 will likely be the growth driver in the first half. Post-elections, we expect investment growth to re-accelerate, especially from the private side,” Goldman Sachs said.
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