Morgan Stanley forecast that India’s current expansion resembles the booming 2003–2007 period, when GDP growth averaged 8.6%, as investment has become a major driver of India’s economy.
The Indian economy was estimated to grow at 7.6%, according to the central government’s second advance estimate for FY 2024.
The Indian Chief Economic Advisor (CEA), V Anantha Nageswaran, has projected that the Indian economy will expand at a faster pace than the government's estimates due to the increase in the activities of the industry and service sectors of the country.
India's Retail inflation dropped to 5.09% YoY in February from the previous reading of 5.10%, above the consensus of 5.02%, according to the Ministry of Statistics & Programme Implementation.
The stronger-than-expected US CPI data report might keep the Fed on course to wait at least until the summer before starting to lower interest rates.
Financial markets have priced in a 75% odds of a 25 basis points (bps) rate cut in June, down from 95% at the beginning of the week, according to the CME FedWatch Tools.
Dieditkan 17 Mar 2024, 14:55
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