Growth

May 30, 2024 11:47 AM

Growth in India set to get more broad-based, says Morgan Stanley, pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on the consumer and business spending side, indicated Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends -global offshoring, digitalization and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will sta...

UN boosts India’s 2024 growth forecast citing strong investment, consumption

The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast. United Nations, in its mid-year update, titled World Economic Situation and Prospects, reaffirmed that India is set to remain the fastest-growing major economy this fiscal. Separately, the IMF, in its latest outlook, raised India's growth projec...