New Delhi: High-frequency indicators (HFIs) for October and November 2023 reflect robust economic activity in the third quarter of FY24, which is likely to continue in the fourth quarter as well, a finance ministry report said on Friday.
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The Indian economy is expected to comfortably achieve a growth rate upwards of 6.5% in FY24, the report added.
“Downside risks to growth arise from smouldering inflationary pressures in advanced countries and supply-chain disruptions re-emerging from persistent geopolitical stress, while geopolitics is an independent source of risk in itself,” according to the half yearly review.
“India’s domestic economic momentum and stability, low-to-moderate input cost pressures and anticipated policy continuity are significant buffers against those risks,” it said.
