- According to the latest Economic Outlook report of OECD, it is expected that India's GDP will grow by 7.8% in the financial year 2023-24.
- It has projected a growth of 6.6% over the next two financial years.
- According to the report, gross capital formation, especially in the public sector, will boost India's domestic demand.
- Private consumption growth is expected to remain sluggish.
- Exports will continue to increase. Services such as information technology and consulting will see growth in global market share.
- The report said that core inflation will gradually decline but food inflation will remain high.
Tags:
Economics
