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2 Comments
Yeah it was already predicted about the cyclical slowdown in FY25. The economist had a similar article a year and half ago too but India still grew as expected.
It’s unlikely
One of the major reasons why both China and the USA’s economies grew the way they did was due to the huge internal demand from their large populations. The same should hold true for India and that demand will drive economic growth in India for several decades into the future
Not to mention, the current BJP government’s “Make in India” initiative and focus on increasing domestic manufacturing and increasing ease of doing business means that more and more foreign companies are investing in India and manufacturing products in India
That’s the reason why India is one of only 4 countries in the world with forex reserves over 700 billion dollars