With inflation expected to remain sticky, the Monetary Policy Committee of the RBI, which will begin its meeting from Wednesday, is expected to keep the repo rate unchanged.
India needs to achieve a growth rate of 8% to become a developed economy by 2047, according to the World Bank s India country director. The bank has kept its growth forecast for India at 6.3% for FY24, which is still one of the highest growth rates among major economies. Despite concerns about high inflation and interest rates, the Indian economy has shown resilience to global headwinds.
India records strong 7.8 percent growth in June quarter thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.
India records strong 7.8 per cent growth in June quarter khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.