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Updated : 3 years, 3 months ago IST
The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates.
In its December monetary policy committee meeting, the RBI raised the policy repo rate by 35 basis points (bps) to 6.25 per cent.
Fitch Ratings says India is well-placed to sustain higher rates of growth in the medium-term than many of its peers.