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Indian Economy Growth Rate: SBI Research


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According to the latest report from SBI Research, the Indian economy continues to defy global headwinds and achieve significant growth. In the fourth quarter of FY24, India experienced a commendable expansion of 7.4%. This growth was driven by diverse sectors contributing to the nation’s GDP, reaffirming India’s economic resilience. It is particularly noteworthy considering the prevailing challenges such as supply chain disruptions and geopolitical tensions.

Promising Annual Growth Figures Signal Robust Trajectory

The annual report for FY24 paints an even more promising picture, with the Indian economy recording an overall growth of 8%. This growth signifies a robust trajectory for the nation’s economic landscape. SBI Research attributes this stellar performance to various factors, including government initiatives, rebounding consumer demand, and a buoyant services sector. The report emphasizes the importance of sustained policy measures and structural reforms to ensure the continuation of this impressive growth trajectory.

India’s Economic Growth Stands Out Amidst Global Uncertainties

Amidst the ongoing uncertainties in the global economic landscape, India’s growth story shines as a beacon of hope and resilience. The consistent expansion of the Indian economy not only bodes well for domestic prosperity but also underscores its significance in the global economic arena.

Leverage Momentum for Inclusive Growth and Global Economic Powerhouse

With these encouraging growth figures, India is poised to chart its course forward. Policymakers and industry leaders are ready to leverage this momentum to foster inclusive growth and steer India towards becoming a global economic powerhouse.

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