India's economic prospects for 2024 look promising, driven by rising GST collections, strong GDP growth, and easing CPI inflation, according to Cushman & Wakefield.
High-frequency indicators, such as PMI surveys and retail sales, point to sustained consumption growth. With an average real GDP growth of 7.3% in the first three quarters and the RBI raising the FY2023-24 growth forecast to 7.0%, the economic landscape appears positive.
Despite global uncertainties, consistent growth in GST collections, robust private consumption, and resilience in the IT-BPM sector contribute to a stable outlook for India's economy.