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As we look towards 2024, financial market outlook for Indian investors appears cautiously promising. According to a Reuters poll, India’s stock market is expected to reach new heights in the next six months and rise over 10% by the end of 2024, fuelled by the country’s sustained expansion as the fastest-growing major economy. The benchmark index – BSE Sensex – was projected to surpass its previous highs, optimism stemming from India’s robust economic growth, which is expected to remain over 6% in the coming years. Moreover, a major sell-side research anticipates that India’s real GDP growth will remain stable at around 6.3% year-on-year, with first half of 2024 expected to be driven by subsidies and transfer payments leading up to the general elections, while the second half should see a re-acceleration in investment growth, particularly from the private sector.
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