3/2/2024, 1:59:02 pm

India stock rally is no rocket science. Here’s why

India's economy is expected to continue its strong growth of 6.7% in FY 2024 and 6.2% in FY 2025, despite global challenges like geopolitical changes. The first Advance Estimates of National Income for 2023-24 has placed the macroeconomic growth at 7.3%, with a nominal GDP growth of 8.9%. This growth is supported by factors such as renewed capex cycle, well-capitalized banking sector.