A study by HSBC Global Research shows that 55% of the Indian economy continues to grow. However, indicators of consumption across rural and urban India are softening. The growth exuberance over the past few years was led by the rise of several high-tech sectors. Overall GDP growth is gradually converging from over 7% levels to a more sustainable but still strong potential growth. The benchmark equity index BSE Sensex has tanked nearly 8%, down 6,608 points, to 77690.95 on November 13, 2024.
Shopping Cart