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According to CRISIL, The Indian economy is expected to grow at an average rate of 6.7 per cent per annum until the end of the decade. • The economy will grow at this rate between the financial years 2024 to 2031, a notch above the pre-pandemic average of 6.6 per cent. • According to CRISIL, the key contributor to this trend will be capital. • The government increased capital expenditure significantly to support building expenditure and providing interest-free loans to states to bolster their own investment efforts, the report said. •After a robust 7.3 per cent growth this fiscal, there will be moderation to 6.4 per cent in the next financial year. • In India, the inflation level of 5.7 per cent in December 2023 was driven solely by volatile vegetable prices and foodgrain inflation. Learn Along: About CRISIL Headquarters: Mumbai Founded: 1987
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