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q4 gdp: India s GDP grows 7 8 per cent in Q4, FY24 growth pegged at 8 2 per cent

q4 gdp: India s GDP grows 7 8 per cent in Q4, FY24 growth pegged at 8 2 per cent
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GDP Q4: Will India get a blockbuster growth release this Friday? But that s too late for heroic narration in poll campaign

GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.

MPC stance: Incomplete transmissions & inflationary challenges, RBI drops hints for those reading into MPC s stance

The Reserve Bank of India s Monetary Policy Committee (MPC) has maintained its stance and kept rates unchanged for the sixth consecutive meeting. Despite expectations for a change in policy stance due to easing core inflation and a fiscally prudent interim budget, the MPC opted to continue with the "withdrawal of accommodation" stance. Economists suggest the RBI may be hinting at delinking its stance with liquidity management. Bond yields initially dipped on expectations of a change in stance

India has bigger strategies for middle-class beyond Budget s income tax slab disappointment

The common man awaits to hear in the Budget if the govt will ease tax rates, impacting cash in hand. While the interim Budget didn t change income tax slabs, it did address the headache of fiscal deficit, which impacts a country s wallet. Fiscal prudence was prioritised, and the government aims to narrow the budget gap. A higher fiscal deficit leads to higher government debt and higher interest payments. The government stuck to fiscal prudence despite elections, and reduced borrowing may lead to lower interest rates.

Budget 2024: India s resolve on fiscal prudence may counter tricky temptations

Interim Budget: The upcoming interim budget is crucial in terms of fiscal prudence and setting the path for achieving the fiscal consolidation target. Credit rating agencies are closely watching for any signs of fiscal slippage. The budget will provide a glimpse into the government s fiscal strategy and its seriousness about debt sustainability. Recent fiscal measures, such as LPG price cuts and increased support for lower-income groups, have been aimed at appeasing citizens. The government s focus on fiscal prudence and productive capex is expected to continue in the budget.

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