Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has slowed. India’s widening growth differential with the rest of the world could create fiscal and external imbalances — risks of a wider current account deficit, stickier fiscal deficits and elevated price pressures. A continued, joint focus on maintaining robust macro fundamentals could see the economy taking off as the biggest contributor to global growth by the end of this decade.

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