Global investment bank Goldman Sachs has raised India’s GDP growth forecast to 6.7 percent for calendar year 2024. The latest data released by the bank said, they expect a sustained growth momentum with additional fiscal space on account of a bumper dividend transfer from the RBI. The financial company said that in India, growth momentum remains strong and core inflation is expected to bottom out in April-June. The report also came on a day when the IMD confirmed its forecast of above-average monsoon rains this year which are expected to spur production in the agricultural sector that was hit by erratic weather last year.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
