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Below On GDP data views from Mr Vineet Agarwal ,  Co-Founder Jiraaf

“The Q1 GDP growth for India is slightly better than expectations and we expect the GDP growth to be north of 6.5% for the whole of fiscal year 2024. Consumer consumption and spending is expected to grow, and so is the demand for Retail & MSME borrowing. For Jiraaf, with inflation still high individual investors are looking for good risk-assessed fixed-income investment opportunities that can give them good returns well above the inflation rate and fixed deposits, while also getting the benefit of diversification for their investment portfolio. Jiraaf works with borrowers from varied sectors & industries (FMCG, B2B e-commerce, NBFCs, Manufacturing, Real Estate, etc), and we are seeing good momentum from those clients as it relates to their expected business sales during the festive season and their need for more capital to support their growth.”

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