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HSBC predicts India's economy will grow by 6.2%, driven by lower oil prices and strong government spending.
HSBC Mutual Fund predicts that India's economy is recovering, with GDP growth at 6.2% year-on-year, despite global trade uncertainties.
Factors supporting this growth include falling crude oil prices, expected normal monsoon rains, and a more accommodative interest rate environment.
The report highlights strong government spending on infrastructure, a recovering real estate sector, and increasing private investments in renewable energy and high-end technology manufacturing.
The RBI is anticipated to further cut policy rates, boosting liquidity and economic sentiment.
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HSBC predice que la economía de la India crecerá un 6.2%, impulsada por los bajos precios del petróleo y el fuerte gasto gubernamental.