India is poised to project a robust 7% economic growth for the 2023/24 fiscal year, surpassing earlier forecasts. The National Statistical Office is set to unveil its initial GDP estimates, widely expected to reflect an increased annual gross domestic product. The Reserve Bank of India's recent 7% growth projection aligns with positive high-frequency indicators in October and November. Prime Minister Narendra Modi's infrastructure investments aim to invigorate the economy, with analysts foreseeing a potential third-term win due to this strategy.
from Economy-News-Economic Times https://ift.tt/4rfa6zK
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