- Economic Recovery:
- India’s recovery from the pandemic was relatively quick.
- Growth in the upcoming year will be supported by solid domestic demand.
- Pickup in capital investment.
- Future Growth Prospects:
- Projects real GDP growth of 6.5% for 2023-24.
- Government’s reform framework (2014-2022) emphasized ease of living/doing business and economic efficiency.
- This will help India grow at its potential and lift potential growth.
- Presence of strong medium-term growth magnets gives optimism.
- Expects faster growth in the coming decade once global shocks fade.