The Finance Ministry’s economic report for March predicts a decrease in food prices due to an anticipated above-normal monsoon in 2024. With robust foreign inflows and favorable trade balances, the report expects the rupee to remain stable. Despite global challenges, India’s economy stands out with strong growth across sectors, supported by positive assessments from international organizations and the Reserve Bank of India. The report also highlights an overall upturn in economic activities driven by expansion in manufacturing and services, while acknowledging geopolitical tensions and the impact of slowing global trade.
Finance Ministry Forecasts Food Price Relief with Above-Normal Monsoon
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