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SP upgrades India s outlook to positive citing robust growth, government spendings

SP upgrades India s outlook to positive citing robust growth, government spendings
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Uttar Pradesh to become EV manufacturing hub: Chief Secretary Durga Shanker Mishra, ET Auto

EV Manufacturing Hub: “The government’s efforts aim to establish a well-organized infrastructure for electric vehicle manufacturing and charging to meet the targets of manufacturing and incentivizing electric vehicles in the state in the coming years.”

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Indian infrastructure: India s infrastructure leap under PM Modi: Former NITI Aayog CEO Kant highlights nation s capex drive

Amitabh Kant highlighted India s infra advancements over the past nine years, noting a tripling of cities with metro coverage, 92,000 km of new highways, and a 100% increase in airports and port handling capacity. Additionally, India has electrified 40,000 km of railway lines, built 120 million toilets and 50 million homes, and provided piped water to 250 million people, achieving 100% household electrification.

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Growth in India set to get more broad-based, says Morgan Stanley; pegged 6 8% for 2024

Growth in India set to get more broad-based, says Morgan Stanley; pegged 6 8% for 2024
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India s growth set to get more broad-based, says Morgan Stanley; pegs 6 8% for 2024

India s strong growth, driven by consumer and business spending, is expected to become more broad-based, according to Morgan Stanley. The global investment bank forecasts 6.8% growth in 2024, attributing it to global offshoring, digitalization, and energy transition. Retail inflation is at 4.83%, within RBI s comfort zone. S&P Global Ratings revised its outlook on India to positive, citing robust economic growth and fiscal policies.

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