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Project detail:
India’s real GDP growth is expected to reach 6.3 percent in FY23/24, and 6.5 percent over following years. Despite the combined impact of fading base effects on domestic demand and weak global growth on external demand, India will remain the fastest growing large economy, with robust investment and resilient services sector performance. The government’s sustained investment push, healthy corporate profits, India’s strong macroeconomic fundamentals and a reduction in bank nonperforming loans will support private investment. The government’s commitment to consolidating current spending and strong revenue performance should contribute to a narrowing of the overall fiscal deficit (to 8.7 percent in FY23/24) and to stable debt-to-GDP metrics (around 82 percent of GDP over the medium term).
Project Cost: 760.00 USD Million
Note: please download project document attached to this project for more information.
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