31
Mar
Over the last 20 years, the Indian currency has held a steady depreciation rate of ~3% on an annual basis- Dhruv Goyal. India is experiencing macroeconomic conditions that are truly unprecedented. It shines as a beacon of hope in a slowing global economy. According to the IMF, India will contribute 17% of global growth in CY 2024. Increased tax receipts driven by economic formalisation and strategic reductions in revenue expenditure have led to a period of fiscal consolidation. This has enabled retail inflation to fall to ~3.5%. Further, India’s balance of payments continues to improve on the back of higher…