Macro Insights Weekly - A health-check on India

26 February 2024


  • India is in multiple sweet spots, from geo-strategic to demographics. 5.5.-6.5% growth looks par for the course. But what would it take for growth to head toward 7%? 
  • The economy has weathered two major shocks—the 2020/21 pandemic and the 2022 food/energy shock. 
  • Yet, business and consumer sentiments have revived, demand markers are robust, and BOP is stable.
  • Three areas need momentum for growth to head toward 7%. First, literacy and skills need enhancing. 
  • Second, health indicators are lagging peers; more investment would help productivity. 
  • Third, openness to trade and regional cooperation by embracing regional value chains is key.