Brief by Shorts91 Newsdesk / 07:10am on 24 Jan 2024,Wednesday Business
According to a recent Reuters poll, India is anticipated to maintain its position as the fastest-growing major economy in the upcoming year, driven by robust government spending. The economy, predicted to grow at 6.9% this fiscal year, exceeded expectations in the first two quarters. Prime Minister Narendra Modi's focus on infrastructure investment has propelled growth, compensating for sluggish private investment and job creation. While inflation rose in December, economists expect it to subside soon. The survey suggests consumer spending has slowed, emphasizing the need for measures to stimulate employment and enhance disposable incomes for sustained economic momentum.
