JPMorgan increased its 2024 economic forecast for India — but only marginally — saying the country’s growth will be affected by a slowdown in global growth momentum.
The investment bank raised its 2024 growth forecast from 5% to 5.5%. The revision follows the latest gross domestic product data this week which showed the Indian economy accelerated 6.1% in the January to March quarter, an increase from 4.5% the previous quarter.
Read More : JPMorgan Raises Expectations for India’s 2024 Economy, While Exercising Prudence Due to Global Uncertainties