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Among the domestic updates, India's real GDP growth was recorded at 8.2% for FY24 surpassing expectations driven by government spending, resilient consumer demand, and vibrant manufacturing activity. On the other hand, the Asian Development Bank is said to have pledged US$2.6 billion in sovereign loans to India in 2023 to support urban development, industrial corridors, and other projects. Among the global updates, consumer confidence in the US improved in May after three straight months of declines. Check for more global and local updates in our latest weekly roundup, 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝙏𝙝𝙖𝙩 𝙒𝙖𝙨. #onwardsandupwards #macroeconomy #economicindicators #roundup #takeaways #economics #capitalmarket #bonds #inflation #bondyield #financialservices #data #growth

Among the domestic updates, India's real GDP growth was recorded at 8.2% for FY24 surpassing expectations driven by government spending, resilient consumer demand, and vibrant manufacturing activity. On the other hand, the Asian Development Bank is said to have pledged US$2.6 billion in sovereign loans to India in 2023 to support urban development, industrial corridors, and other projects. Among the global updates, consumer confidence in the US improved in May after three straight months of declines. Check for more global and local updates in our latest weekly roundup, 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝙏𝙝𝙖𝙩 𝙒𝙖𝙨. #onwardsandupwards #macroeconomy #economicindicators #roundup #takeaways #economics #capitalmarket #bonds #inflation #bondyield #financialservices #data #growth

The World Bank has revised India's GDP growth forecast for 2024-25 by 20 basis points to 6.6%, indicating it will remain the fastest-growing of the world's largest economies. The revision is attributed to strong public investment, private capex, and rise in private consumption. India's industrial activity and domestic demand growth remain robust. CFBR

The World Bank has revised its economic growth forecast for India for the fiscal year 2024-25, increasing it by 20 basis points to 6.6%. This adjustment is primarily attributed to an upward revision in investment growth. According to the latest bi-annual South Asia Development Update released by the World Bank, India's growth rate for fiscal year 2023-24 is projected at 7.5%, slightly below the 7.6% estimate by the National Statistical Office.

Our Founder and Economist, Mitali Nikore, joined host Vikram Oza on ET NOW to discuss India’s economic outlook. Key takeaways: 1️⃣ The #globaleconomy slowdown is impacting India's 🇮🇳 #exports and economic activity. 2️⃣ Internal issues like #supplychain disruptions and policy uncertainties are affecting #GDP growth. 3️⃣ The RBI’s neutral stance signals a potential rate cut 💰 in the next 1-2 quarters, crucial to prevent capital outflow to the US. 4️⃣ Despite challenges, India achieved a strong #growthrate of 7% 📈, outperforming many emerging markets. Watch the full discussion here: https://lnkd.in/gM98VTMY #IndianEconomy #Inflation #RBI #InterestRates #EconomicGrowth

The Asian Development Bank (ADB) forecast a 7% GDP growth for India in 2024-25, down from 7.6% in 2023-24. In 2025-26, it forecast a growth rate of 7.2%. For South Asia, the Bank forecast the GDP growth rate to be 6.3% this year and 6.6% the next. That made India the fastest-growing country in the sub-region.

🌍 India's Growth: A Beacon of Resilience and Opportunity 🇮🇳 Mr. Ajay Banga, President of the World Bank, recently highlighted India’s remarkable growth rate as the "shiniest part of the global economy" ahead of the World Bank and IMF annual meeting. Growing at six to seven percent in today’s challenging environment is no small feat—it’s a testament to India's strategic initiatives and a robust domestic market. Key takeaways from Mr. Banga's insights: 1. Domestic Market Resilience: A significant portion of India’s growth stems from its strong domestic consumption, showcasing the country’s economic stability. 2. Focus on Quality of Life: As the Prime Minister emphasized, improving the quality of air and water is essential for sustainable development. This is an area where ongoing efforts can lead to substantial improvements. 3. Collaborative Engagement: The World Bank is committed to partnering with India on various projects, promising impactful results in the near future. India's journey is inspiring, and as we continue to navigate these dynamic times, the potential for growth and collaboration remains limitless. Let’s celebrate and support this thriving economy! #IndiaGrowth #WorldBank #SustainableDevelopment #EconomicResilience #QualityOfLife #Collaboration #Shipping #Logistics #ArnaInternational

Exciting insights from Mr. Ajay Banga, President of the World Bank, on India's growth rate—described as the "shiniest part of the global economy." Achieving 6-7% growth in today’s climate showcases India's resilience, driven by a strong domestic market. He also highlighted the need to focus on quality of life improvements, like air and water quality. Looking forward to seeing the impactful results from the World Bank's collaboration with India! #IndiaGrowth #WorldBank #SustainableDevelopment #Shipping #Logistics #FreightForwarding #ArnaInternational #InnovationInIndia #EmergingMarkets #InvestInIndia

India’s economy continues to thrive as the World Bank upgrades its FY25 growth forecast to 7%, up from 6.6%. With an 8.2% growth rate in FY24, India remains a leader in global growth. The World Bank emphasises the need for India to diversify its export basket and leverage global value chains to sustain this momentum. With declining inflation, India’s economic future looks bright. #IndiaEconomy #WorldBank #EconomicGrowth #GlobalTrade #IndiaGrowth