Posted 3/17/2024, 10:15:00 AM
India Poised for New Era of Strong Growth Driven by Rising Investments, Exports and Consumption
- India's current economic growth resembles 2003-07 period when growth averaged over 8% driven by surge in investments
- Capex is a key driver, with public leading initially and private catching up
- Urban consumers driving consumption growth, with increase in rural demand expected
- India's share of global exports rising, macro risks being managed
- Public infrastructure investments addressing supply constraints, aimed to stimulate private capex for sustainable growth
