MODERATION IN INFLATION MAY LEAD TO PAUSE IN INTEREST RATE HIKE THIS FISCAL
INDIAN ECONOMY SHOWING TRENDS FOR GDP PICK UP IN 2024-25
2023-05-13 11:58
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The welcome development in Indian economy is that Inflation, riding on base effect, has moved below five per cent mark in April this year. But worrying factor is slowdown in Industrial and consumer goods production as IIP growth decelerated to 1.1 per cent in March this year. As a result rating agency Crisil expects India’s GDP growth to slow down to six per cent in the current year 2023-24 as against 7 per cent in just ended financial year 2022-23.