Overall, S&P Global Market Intelligence projects private consumption to improve gradually to grow 6.9 per cent in the current financial year 2024-25
Read MoreThe substantial growth rate is indicative of the strong economic policies implemented by the government, coupled with the resilience and industriousness of the Indian populace
Read MoreThe projection is cited to enhance activities in real estate, renewable energy, and semiconductors among other sectors.
Read MoreThe improved growth outlook is supported by several factors, including sustained government capital expenditure, deleveraged corporate and banking sector balance sheets, and the emerging private corporate capital expenditure cycle
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