S&P sees growth crossing 6% on domestic uptick, private capex https://ift.tt/jQJy0KN this week, S&P retained its forecast for India's economic growth at 6% for FY24 and 6.9% for the subsequent two years. "The risks are fairly balanced, especially on growth. In fact, growth could come in higher given that the domestic economy remains fairly strong," Rana stated, pointing out that the external environment and inflation could dampen growth.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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