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Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term Says Vinod Nair, Geojit Financial Services
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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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