Monthly Ecocapsule_Jul’24: Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch

This Report expounds on the fervent funding activity being seen, and identifies three drivers: sustained economic momentum amidst calming inflation, a slew of supporting regulations, and a triple balance sheet advantage. The latter is explained as a combination cleaner bank balance sheets, a debt-light India Inc, and the Union on a sustainable path of fiscal consolidation. Expecting that fiscal consolidation might continue, the Report also gives expectations for the upcoming Union budget.

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