Where the present dispensation is returned to power (read: we get continuity in policies). If BJP returns to power at the Centre, chances are the economy will continue to do well. Where it is voted out and replaced by a stable coalition, or an unstable one. For all the hosannas of single-party governments and their ability to deliver economic reforms and, hence, growth, the Indian experience has been different. The jury is still out on whether single-party rule is necessarily better for growth
Sitharaman noted that indicators within India are comfortably placed because of stable policies and predictable tax domains, but there are challenges in the form of weakening consumption in the West. "Consumption is falling in many Western economies; it affects me because our exports are so dependent on the European market or the advanced economies market, where demand is falling and exports will be adversely affected," she said.
Business News: The Reserve Bank of India (RBI) has published a report stating that high-frequency indicators show a broad-based gaining of growth momentum in the Ind
Inflation has moderated from its July peak, thus bolstering macroeconomic fundamentals and the Indian rupee has been showing low volatility, the RBI has said in its monthly bulletin for October 2023.
As inflation continues to decline from its peak value reported in July, it continues to boost macroeconomic fundamentals, said RBI in its ‘State of Economy’ article