What factors led to the revision of India's 2024 economic growth projection
Analyzing the U.N.'s revised projection of nearly 7% growth for India
- Impact of the COVID-19 pandemic: The second wave of the pandemic in India resulted in increased uncertainty and potential setbacks in economic recovery.
- Slow vaccine rollout: Delays in vaccinating the population may prolong the effects of the pandemic on the economy.
- Global economic conditions: Uncertainty in global markets and changing trade dynamics can affect India's economic growth prospects.
- Domestic policy changes: Shifts in government policies and regulations can impact investment and growth in key sectors of the economy.
- Inflation and fiscal policies: Rising inflation and fiscal policy decisions can impact consumer spending and overall economic growth.
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