India’s Economic Growth Analysis: Navigating a Goldilocks Growth Period 

Zheman ZhongThis India's Economic Growth Analysis article was written by Zheman Zhong – Financial Analyst at I Know First.

Summary

  • India’s GDP experienced significant growth in the fiscal year 2022-23, with a 6.1% expansion in Q4, leading to an annual growth rate of 7.2%. The GDP reached the $3.75 trillion mark, making India the fifth-largest economy in the world.
  • India’s economic growth entered the "Goldilocks" Economic Period, symbolizing stability, with growth in manufacturing, construction, and agriculture sectors.
  • India's Reserve Bank implemented a strategic approach to inflation, raising the repo rate by 250 basis points over 11 months, resulting in an inflation rate of 4.8% in June 2023.
  • With a median age of around 28 years and two-thirds of the population in the working-age category, India's young population serves as a catalyst for potential growth, especially in manufacturing.
  • Infrastructure Investment: An ambitious allocation of 1.7% of GDP on transport infrastructure shows India's focus on overcoming historical inadequacies in transportation, water, and power, aiming to achieve a $5 trillion economy.

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Indian Stocks Forecast: Is India’s Economy Stable?

Zhou He This article was written by Zhou He – Financial Analyst at I Know First.

Summary

  • India is expected to overtake the UK to become the world’s fifth-largest economy.
  • India's growth has helped it become the fastest-growing economy among the G20 countries.
  • Economic growth is overly dependent on government spending.

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European Stocks: What is Slowing Down European Economic Growth?

Zhou He This article was written by Zhou He – Financial Analyst at I Know First.

Summary

  • The European economy is mired in high inflation.
  • The energy crisis is the biggest dilemma facing the EU.
  • The manufacturing PMI in the eurozone fell from 48.4 to 46.4.

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