India's economy grows at a moderate 6.5%, with strong sectors offsetting sluggish consumption.

According to HSBC Global Research, 55% of India's economy continues to grow positively, marking a moderate phase after rapid gains. Agriculture and construction sectors are performing well, with government spending and credit to small businesses also expanding. However, consumption in rural and urban areas is sluggish, and mining and utilities have declined. Overall GDP growth is converging to a more sustainable rate of 6.5%.

November 24, 2024
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