India's economy is growing, but global factors may hinder

CNN February 29, 2024, 07:00 PM UTC

Summary: India's GDP grew 8.4% in Q4 2023, exceeding expectations. The economy expanded 7.7% in 2023, with a projected 6.5% growth in 2024. Ultra-rich Indians are expected to increase by 50% by 2028. India is set to become the world's third-largest economy by 2027. The government is investing in infrastructure to support growth. However, global factors and lending restrictions may slightly slow growth.

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