Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
Congress released its 2024 Lok Sabha poll manifesto here on Friday making of a slew of promises to various sections of society including a legal guarantee for MSP, 50 per cent reservation for women in government jobs, repealing Agnipath scheme, doubling GDP in next ten years, strengthenin
Governor Das remarked, "The journey of reserve bank over the 9 decades has been one of efficient functioning and contribution to the nations' progress."
According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment demand led by public capital expenditure.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian economy.
All you youngsters here, you are undisputedly the luckiest of generations, given how India is developing and being perceived by the global community," Parekh said in his address.
An anlysis by AltG Investment Research Lab says "The one issue that needs to receive the most attention is capital. The availability, flexibility, and cost of capital will be the most important driver of India's 21st century economic growth story."
Investment rate in India is expected to accelerate to 36.2 per cent of GDP by 2026-27 from 32.2 per cent of GDP in 2022-23, according to Morgan Stanley.
According to Morgan Stanley, the outlook for India's GDP growth remains robust, with the expectation that growth will track around 7 per cent in the fourth quarter of the financial year 2023-24 (QE Mar-24).
According to the global rating agency, the key risks in the Chinese economy are weakness in its property market and consumption, which it argues could lead to lower growth.