Stable inflation and external account, steady number of new project announcements keeping India among the top 5 destinations for global greenfield projects, progressive employment outlook help the Indian economy close the current financial year on a positive note, the Finance Ministry notes, even as a welcome decline in global commodity prices from their post-Ukraine conflict, rising FPI inflows, declining current account deficit (CAD), rise in foreign exchange reserves at USD 636 billion as on 8 March 2024, allow India, on the whole, to look forward to a bright outlook for FY25, the report projects.
This story is from the March 24, 2024 edition of The Sunday Guardian.
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This story is from the March 24, 2024 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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