India’s output is expanding at a rate far surpassing other major emerging economies, well positioned to become the world’s third largest economy by 2030. However, the sustainability of high growth rates will hinge on the balancing between investments and consumption. Leading economic indicator, the Purchasing Managers’ Index (PMI), will provide the first assessment of how India’s economy is shaping up as we enter the second half of 2024 in the post-election environment.
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