INDF - India: Full Speed Ahead

2024-03-20 07:45:00 ET

Summary

• In 2023, India managed to grow 7.7%, not only beating all other major economies but exceeding the forecasting community's expectations and accelerating into the second half of the year as the rest of the world slowed.
• There is a good chance that India will see a similarly impressive performance in 2024.
• Given the global backdrop is rather lacklustre right now, India is likely to remain one of the few bright spots.

By Robert Carnell

Strong growth should continue

The playbook for strong growth in India in 2023 drove off a supportive Union Budget, with ambitious capital investment and infrastructure plans that, rather than crowding out private investment, have created the conditions for private investment to thrive....

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