India's economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment.
India poised to grow at 6 2 pc in 2023-24: Morgan Stanley aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Foreign funds have accelerated buying of Indian stocks, pouring in more than $1 billion in each of the past three weeks, as Asia's fastest-growing economy is seen as a safe haven amid concerns of a global slowdown.
Inflation in Asia is moderating and the central banks in the region are likely to cut interest rates to support economic growth come the fourth quarter of 2023 (October-December), Morgan Stanley said in a report.
Inflation in Asia is moderating and the central banks in the region are likely to cut interest rates to support economic growth come the fourth quarter of 2023 (October-December), Morgan Stanley said in a report. Inflation Moderating in Asia, Central Banks May Start Cutting Interest Rates by Q4 2023: Morgan Stanley Report.