Finance ministry report predicts India's macroeconomic buffers to help maintain growth amid global challenges.
India's strong macroeconomic buffers are expected to help the real sectors of the economy navigate external headwinds and maintain growth momentum during the current fiscal year, according to a finance ministry report. Despite challenges posed by geopolitical tensions and volatile global commodity prices, the Indian economy has demonstrated robust trends in key high-frequency indicators of growth, including GST collections, e-way bills, and digital transactions. This growth is expected to continue into the first quarter of FY25.
May 24, 2024
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