Chance Of Recession In 2024 In India. India’s economy is out of recession but still a long way from returning to rates of growth seen before the pandemic. We do not anticipate a pivot to rate cuts until 2024,” notes fitch in its december report.
A favorable turn in inflation trends, moving closer to the 2% target, is allowing central banks to ease policy, with interest rate cuts anticipated in 2024. Inflation and a possible growth.