Thursday, June 13, 2024
    HomeFinance6% GDP growth predicted by Acuite

    6% GDP growth predicted by Acuite

    Related stories

    Congress exposes Modi’s hypocrisy

    The Congress party in Hyderabad criticized Prime Minister Modi...

    Minister Rajanarsimha cautions hoteliers about food adulteration

    Hyderabad's Health Minister Damodar Rajanarsimha met with hotel owners...

    Governor encourages young people to lead in creating a developed India

    Gold medal recipients at the Sri Konda Laxman Telangana...

    Hyderabad Boy Gets to Be a Police Officer for a Day

    In Hyderabad, K Venkata Subash, a seventh grader diagnosed...

    India’s economy is expected to grow by six per cent in FY24, according to credit rating agency Acuite Ratings and Research. Despite global instability, the Indian economy has shown strength and stability, with most lead indicators displaying resilience. However, Acuite predicts that GDP growth will moderate in FY24. Domestic demand remains strong, but there has been a reduction in merchandise exports due to slowing external demand and moderation in commodity prices. Acuite identifies challenges to domestic growth in FY24, including a slowdown in global growth and tighter credit conditions, climate risks such as a warmer summer and El Nino, uneven and sluggish private capex, and downside in urban leveraged consumption due to higher borrowing costs.

    Also read:  PBPartners Introduces Industry-first PBP One Program to Reward its Top-performing PoSP Agent Partners
    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here