Recession 2024 India Predictions In India. While the global economy has managed to stave off recession, albeit narrowly, it has suffered significant volatility and unpredictability during the past year. Spending in it services to be in double digits:
Amid the optimism of rbi on gdp growth, the government has flagged that recession risks may reappear in 2024 mainly due to current uncertainties linked to rising food and energy prices amidst lingering geopolitical tensions. The indian economy is anticipated to reach a size of $4.7 trillion in 2024 and $5 trillion by 2026, according to the imf.
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