Bharat Express

Indian Economy

The Capital Group believes that India is poised for a period of growth, fuelled by significant expansion in direct and fixed asset investment which can be attributed to the maximum numbers of unicorns emerging in India.

India has transformed in less than a decade' is spot on in its nuanced analysis of the Indian economy.

The better-than-expected GDP growth numbers even saw Prime Minister Narendra Modi tweeting that the data “underscore the resilience of the Indian economy amidst global challenges”.

Government data released on Wednesday revealed that the economy exceeded all estimates by achieving a growth rate of 6.1 percent in the January-March quarter, a significant increase from the revised growth of 4.5 percent in the previous quarter.

The global investment banker also revised its earlier forecast for FY23 and FY24 by 30 bps and 10 bps to 6.9 per cent and 6.4 per cent, respectively.

India's Economic Momentum Continues, 6.7% Growth Forecasted for 2024

The Indian growth story has now hit warp speed and is showing zero indications of slowing down.

Forex Reserves Witness Highest Rise, Signaling Stability and Confidence in Markets

India is expected to be the fastest-growing major economy in 2023, according to both the IMF and the World Bank.

Finance Minister Nirmala Sitharaman expressed her concerns regarding the global economic outlook despite India's projected growth rate of over 6% this year.