Growth rate to exceed 6.5% in FY24
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Growth rate to exceed 6.5% in FY24- In October and November 2023, our economic dance floor, as measured by high-frequency indicators (HFIs), showcased a strong performance. A finance ministry report predicts this upbeat rhythm will carry us through the rest of the year, pushing India’s economy to a growth rate exceeding 6.5% in FY24.
However, it’s not all sunshine. The report warns us about potential challenges, like inflation heating up in fancy economies and disruptions in our supply chains due to ongoing global tensions. Geopolitics itself is a bit of a wild card, adding an extra layer of unpredictability.
But fear not! India’s economic groove and stability are our secret weapons against these challenges. Our ability to handle moderate costs and the promise of consistent policies act as shields, protecting us from economic storms.
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