New Delhi: India’s growth experience in 2023-24 will remain positive compared to other major economies and subject to global factors, the country can expect a longer economic and financial cycle than in the past. Finance Ministry’s monthly economic report for October.
“While the economy has witnessed positive growth for more than half of the current fiscal year, the entire fiscal year should end with strong growth performance and macroeconomic stability,” the report prepared by the Department of Economic Affairs said.
But he cautioned that downside risks remain. Inflation is one of those which has troubled both the government and reserve Bank of India On high alert. Financial flows to the external sector also require constant monitoring as they affect the value of the rupee and the balance of payments. The report said that full transmission of monetary policy could also reduce domestic demand.
It says there has been a sharp change in expectations for rate hikes in the US and the decline in US 10-year treasure The yield, coupled with falling oil prices, is good news for emerging markets in general, including India. On the inflation front, decline in global crude oil prices and continued moderation in core inflation are likely to keep inflation pressures under control, it said.
“While the economy has witnessed positive growth for more than half of the current fiscal year, the entire fiscal year should end with strong growth performance and macroeconomic stability,” the report prepared by the Department of Economic Affairs said.
But he cautioned that downside risks remain. Inflation is one of those which has troubled both the government and reserve Bank of India On high alert. Financial flows to the external sector also require constant monitoring as they affect the value of the rupee and the balance of payments. The report said that full transmission of monetary policy could also reduce domestic demand.
It says there has been a sharp change in expectations for rate hikes in the US and the decline in US 10-year treasure The yield, coupled with falling oil prices, is good news for emerging markets in general, including India. On the inflation front, decline in global crude oil prices and continued moderation in core inflation are likely to keep inflation pressures under control, it said.
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