Are We In A Recession 2024 India. Economists in india are mostly pointing towards a “partial recession” and uneven recovery going forward. While gdp is on track to register a strong 6.7% expansion in 2023 (6.6% in fy 2023/24), we forecast growth will slow to 5.7% in 2024 (6.2% in fy 2024/25).

India’s inflation, most recently 5.1% in january, has stayed at the higher end of its range over the last decade but below levels in the early 2010s. The united nations has revised upwards india’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year,.