India's Economic Growth and Inflation Outlook for 2024
| Category | Details |
|---|---|
| Economic Growth (2024) | India's GDP growth projected at 6.1%, up from 6% in March 2024 but lower than 7.7% in 2023. |
| Inflation (2024) | Consumer price inflation around 5%; RBI projects retail inflation at 4.5% for FY 2024-25. |
| Regional Inflation Trends | Persistent inflation in APAC region; geopolitical tensions add risks to commodity prices and supply chains. |
| Post-Pandemic Recovery | India and ASEAN economies show delayed rebound; India's output remains 4% below pre-pandemic levels. |
| Regional Economic Growth (2024) | APAC region forecasted to grow at 3.8%, compared to global growth projection of 2.5%. |