India’s Macro Economic Outlook: A CFO's Viewpoint
The year 2024 could be an unpredictable year for the Indian economy. Being an election year, the re-election of the current government would provide a further push to the populist decision to advance the economic growth of the country and move towards the vision of a 5 trillion-dollar economy by 2027-28.
On the other hand, if a new government gets the voters' mandate, it might result in a brief pause in the economy before the new government brings in their own vision of economic development, which is quite normal in this type of scenario.
Besides these uncertainties, ongoing geopolitical issues such as conflicts between nations, increasing climate risk, strict trade barriers, etc. have disrupted supply chains and oil prices, leading to an increase in input prices. However, until now, India has managed to navigate the situation with its strong diplomatic ties.
