Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year - the third successive year of 7 per cent or above growth, the RBI highlighted in its annual rep
he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday.
Growth in India, which already is strong and surging, may become more broad-based across both on the consumer and business spending side, indicated Morgan Stanley.
The Asian Development Bank has once again affirmed its the support to India, stating it will continue to focus on "projects and programs that accelerate India's structural transformation."
S&P Global Ratings on Wednesday revised its rating outlook on India to positive from stable, and added that it expects continuity in economic reforms and fiscal policies regardless of the Lok Sabha election outcome.
According to the report, 82 per cent of chief economists expect the global economy to either strengthen or remain stable this year, nearly double the proportion from late 2023.
Despite the challenges faced by the global economy, including geopolitical tensions and extreme weather events, global growth remains resilient, supported by easing inflationary pressures and strong employment conditions.
New Delhi [India], May 28: India is a nation where agriculture forms the backbone of the economy and the quest for a robust support system for farmers and agro-based industries is utmost essential. Recognizing this, Bank of Maharashtra introduces the Maha Krishi Samridhi Yojana (MKSY), of