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India Ratings and Research (Ind-Ra) has revised India s GDP growth estimate for FY25 upwards to 7.1 per cent, exceeding the Reserve Bank of India s forecast of 7.0 per cent. The agency s outlook is supported by government capital expenditure and a revival in private sector investment. Challenges include uneven consumption demand and export sector obstacles. Despite positive indicators, constraints remain, such as high inflation and geopolitical uncertainties affecting exports.
PM Modi recently met with ministers to discuss the agenda for the first 100 days of his government, if it wins a third term, to keep the economy purring - Issue Date: Mar 31, 2024
India s development will speed up over the next five years. Narendra Modi s vision for India in the 21st century focuses on higher growth with redistributive efficiency. If he makes a third term, governance reform will be a priority. This offers a guarantee for Indians to prosper before growing old.
(Bloomberg) China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies to keep economic momentum going.Most Read from BloombergBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionA Wary World Braces for Trump’s Return to the White HouseWhat Is Disease X? How