Will Recession Continue In 2024 In India. India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and reserve bank of india’s (rbi) estimate. The reserve bank of india in its monthly bulletin flagged about looming concerns around a likely slowdown in global growth in 2024 after after outperforming.
Against this backdrop, the indian economy is pegged to grow around. The finance ministry has said that recession risks may reappear in 2024.