India will remain the fastest-growing major economy in the world in the financial year 2024. A monthly economic review report released by the finance ministry said that India has become a beacon in the global market as liquidity continues to pour into large–cap stocks.
The September edition of the monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf and depending on how the situation develops, Crude Oil Prices may Push higher.
“Fraught geopolitical conditions can cause a general increase in global risk Aversion. If these risks worsen and are sustained, they can affect economic activity in other countries, including India”, the ministry said. In Sum, as IMF Projections also confirm, India will remain the fastest-growing major economy in the world in “FY 24” the report said.
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