India Business News: India's growth experience in 2023-24 will continue to be a positive outlier as compared to other major economies and the country can look ahead to the
Gold Imports: Higher imports by the world s second-biggest bullion consumer could support benchmark gold prices, but may also widen India s trade deficit and put pressure on the ailing rupee.
India s Finance Ministry has said a recession may appear in 2024 due to uncertainties related to higher food and energy prices and geopolitical tensions. India s trade deficit reached a record high in October due to higher-value imports and lower exports. Rural demand has sustained momentum in Q2, driven by stable foodgrain production incomes and moderate inflation.