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Strengthening consumer purchasing power is actually listed as a potential upside factor, not a downside risk. • The Organisation for Economic Co-operation and Development (OECD) has increased its 2024-25 GDP growth forecast for India to 6.6%, citing buoyant public investment and improved business confidence as key drivers. • GDP growth globally is projected to remain steady at 3.1% in 2024, with a slight increase to 3.2% in 2025, influenced by stronger real income growth and lower policy interest rates. • In India, growth will be primarily driven by gross capital formation, particularly in the public sector, while private consumption is expected to remain sluggish. Exports, especially in services like information technology and consulting, are expected to grow, supported by foreign investment. • The OECD has noted the need for fiscal consolidation in India due to high public debt levels, which could restrict private investment. However, this is expected to be only partially offset by a rise in private investment as business confidence improves. • Household consumption in India is not anticipated to pick up significantly due to disappointing job creation, underwhelming rural performance, and tight financial conditions. • Downside risks for India's growth include potential new supply chain disruptions, persistent food inflation, and negative impacts from global financial market fluctuations. Conversely, potential upside factors include strengthening consumer purchasing power from ongoing disinflation, which could enhance household consumption, business investment, and job creation. • The OECD report also anticipates the possibility of the Reserve Bank of India (RBI) beginning to cut the policy rate in late 2024, with potential reductions totaling up to 125 basis points by March 2026, contingent on a normal monsoon season and stable inflation expectations.
Many critics regard the argument as ___________ or, at best, misleading.
Indians are _____________ with corruption and exhausted by poverty. But therein lies the tension: Ending poverty needs a more adventurous state while en...
Fill in the blank with the most appropriate word.
No wonder the burglars are at large. The police is in ______ with them.
After recapitalization, government should _________ on a linked reform.
(A) expedite (B) bind (C) hustle (D) speed up
...Directions : In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options...
I couldn’t help _____________ you because you are ____________ than pretty, and I like that sort of a person.
He is the ____________ of my two brothers.
In these questions a sentence is given with a blank and you have to choose an appropriate word from the given options that can fill the sentence making...
Choose the appropriate phrase/words from the options given to fill in the blanks:
The direction came in response to a Right to Information requ...
In his Foreword to its first edition, Jawaharlal Nehru writes, “C Rajagopalachari is the acknowledged expert in this domain and the unquestioned lead...
