World sees India on cusp of economic take-off: RBI report ...Middle East

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World sees India on cusp of economic take-off: RBI report
Mumbai: Internationally there is a growing optimism that India is on the cusp of a long-awaited economic take-off, according to the RBI’s monthly bulletin released on Tuesday. It states that recent indicators are pointing to a quickening of the momentum of aggregate demand and non-food spending is being pushed up by the green shoots of rural spending recovery. The RBI bulletin points out that while revising India’s GDP growth upwards by close to 2 percentage points for 2023-24, the IMF’s April 2024 World Economic Outlook (WEO) alludes to the robustness of growth expected in 2024 and 2025 as “reflecting continuing strength in domestic demand and a rising working-age population.” It highlights

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