India Outlook

Business confidence rose for a third straight quarter in October–December, lifted by resilient domestic demand, reform expectations and capex optimism, even as global uncertainty weighs on growth.

Indian equity markets showed resilience in CY 2024, with benchmark indices Nifty 50 and Sensex up 11.35% and 11%, respectively. Despite challenges like inflation and global uncertainty, sectors like IT, financial services, and healthcare are expected to drive growth in 2025.

The Ministry of Finance's Monthly Economic Review for October 2024 stated that India's economic outlook for the coming months would be ‘cautiously optimistic’. The ministry noted that fragile geopolitical conditions might continue to impact domestic inflation and supply chains.

Experts anticipate a further rise in gold prices in 2024 amid high demand

Indian economy showed resilience in 2023 with strong GDP growth and robust GST collection, but inflation remained above the RBI target.

Despite challenges such as high interest rates and geopolitical tensions, the Nifty 50 is set to conclude the year with healthy gains.

Indian economy showed resilience in 2023 with strong GDP growth and robust GST collection, but inflation remained above the RBI target.

Despite challenges such as high interest rates and geopolitical tensions, the Nifty 50 is set to conclude the year with healthy gains.