India's growth is sustainable; Economy strong enough to weather high US rates

12 SEP,2023 | MEDC


India's economy is strong enough to withstand high US interest rates. The country's medium-term growth rate of around 6.5% is sustainable, and private capital formation is evident. the risks India faces in securing energy supplies due to climate change and its transition away from fossil fuels. The country needs to focus on manufacturing as well as services and that India's debt and deficit ratios will improve in the future.

 

 

Pic Credit - Google

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