India Ratings predicts India's Q4 GDP growth at 6.7% and 6.9-7% for 2023-24 fiscal year, mainly driven by services sector.
India Ratings and Research predicts India's GDP growth rate for Q4 (March quarter) at 6.7% and around 6.9-7% for the 2023-24 fiscal year, attributing growth to the services sector, particularly construction and electricity. The Indian economy has shown consistent growth momentum with GDP expansion of 7.1% in the current fiscal year. The Reserve Bank of India had earlier projected a GDP growth for 2023-24 at 7%.
May 19, 2024
4 Articles