India’s services sector, long the linchpin of its economic dynamism, is showing signs of moderation.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
In its Economic Outlook for Asia-Pacific (APAC), S&P said that despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
India’s retail inflation slipping below 4 per cent in February signals a crucial inflection point for the economy.
India is set to become the world’s third-largest economy by 2028, overtaking Germany, according to a report by global financial services firm Morgan Stanley.
These agreements were signed in the presence of Prime Minister Narendra Modi who is on 3-day visit to the US for the Quad Summit.
India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday.
Union Minister of State for Commerce and Industry, Jitin Prasada, on Wednesday credited Prime Minister Narendra Modi for hosting the three-day 'Semicon India 2024' at Greater Noida
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
Dr SP Sharma, Chief Economist and Deputy Secretary General of PHDCCI, said that India is a very resilient economy that will continue to grow rapidly in the future.
