India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 percent in the next five years

India has witnessed higher employment growth in capital-intensive sectors compared to the labour-intensive sectors, the report states

Over the past ten years, capital-intensive sub-sectors such as electronics, chemicals and machinery within India’s manufacturing sector, have seen a major growth in both employment and exports,...

Indian economy is expected to record a growth of 6.8 per cent in 2024 and will clock an expansion of 6.3 per cent next year.

India remains the world’s fastest-growing economy with investment and private consumption driving growth, according to the IMF’s latest Regional Economic Outlook for Asia-Pacific.