Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term Says Vinod Nair, Geojit Financial Services
Below is quote on Economic Survey by Vinod Nair, Head of Research at Geojit Financial Services
Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term, led by consumption and capital expenditure. And the growth can expand to as high as 7 to 8 percent in the future. The fundamentals of the Indian economy are solid, however, in the short to medium-term, widening current account deficit for an extended period is a concern that could have an implication on growth and depreciation of the INR. For the budget, it is going to be a challenge in FY24 to plan out the expenditures due to a short-term slowdown in the economy, high core inflation, and fiscal deficit.
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