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RBI’s State of the Economy Report
January 24 , 2024
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- The Indian economy is expected to retain its growth momentum in 2024.
- Inflation must align with the 4% target by Q2 2024 to enable sustained 7%+ GDP growth in 2024-25.
- The report forecasts emerging economies like India to outperform the world, with Asia leading overall 2024 growth.
- Urban consumption has recovered amid a strong uptick in discretionary spending, but rural spending growth remains muted.
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