India Growth Forecast Improves but Inflation, Jobs and Reforms Remain Concerns
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Economic growth expected to pick up in 2024 after a turbulent period, but some concerns remain around inflation, jobs, and reviving reforms.
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Election stimulus may boost consumption in the short-term, but risks slower infrastructure investment.
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India has a narrow base to sustain high growth - few high productivity firms, low financial savings and credit.
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Positive signs like strong fiscal position, capacity expansions, and private sector balance sheets.
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Global outlook has improved but external risks persist - high US fiscal deficit, volatile commodities, and potential global slowdown.