April marks a ‘good beginning’ to FY24, the finance ministry said, pointing to strong goods and services tax (GST) collection and other high-frequency data, but flagged downside risks to growth and upside risks to inflation.
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Corporates have started to invest in new capacity, rural demand is gaining momentum, and consumption has shown steady and broad-based growth, said the Monthly Economic Review for April released Monday.
Read more at: THE ECONOMIC TIMES
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