Posted 11/19/2023, 8:05:44 AM
India's Economy Surpasses $4 Trillion, Forecast for Robust Growth on Domestic Strength
- India's GDP has crossed $4 trillion for the first time, ranking 4th globally
- Q2 GDP growth expected to exceed RBI's projection of 6.5%
- S&P forecasts India's growth at 6-7.1% annually in FY24-26 on strong domestic fundamentals
- Moody's and IMF also project over 6% growth in 2023-24 citing robust consumption
- Government aims for $5 trillion economy via reforms like GST, IBC, PLI schemes & rise in capital expenditure