Recession 2024 In India. The ministry's warning about a potential recession comes in the backdrop of current uncertainties linked to rising food and energy prices amidst geopolitical tensions. Announcements in the union budget 2023 will be crucial as it will decide how india's economy will perform in fy24 in the middle of a turbulent global economic.
The global recession is unlikely to happen as the inherent resilience of individual economies has withstood the pressures much better, said rbi governor. The reserve bank of india (rbi) has projected a 6.5 per cent gdp growth in the current financial year ending march 2024.
