Macro - Country Economic Forecasts - India
We forecast India's GDP will grow 6.7% in 2023 and have revised down our growth outlook for 2024 to 5.7%, from 6.1% previously. High frequency indicators suggest that the economy remained resilient throughout Q3, but activity is set to soften.
India: A slowdown won’t be avoidedForecast overviewRecent developmentsShort-term outlookKey drivers of our Short-term ForecastEconomic riskEconomic risk evaluationrisk warningsWhat to watch out forExposure to Key global risksLong-term prospectsBackgroundEconomic developmentStructure of the economyBalance of payments and Structure of tradePolicyPolitics