Pivots, pillars and pace

What is helpful here is rising capacity utilisation across major sectors. New investments under the Production-Linked Incentive scheme are also supporting capacity expansion in select sectors and improving domestic supply-chain integration.

The pillars to drive long-term growth are falling in place.

Capital - supported by stronger bank and corporate balance sheets - will continue to play a lead role and there is little worry on its availability at present.

Efficiency gains from ongoing reforms, a raft of regulatory facilitations, significant physical infrastructure creation and the national digitalisation drive support the pace of growth.

In the milieu, the pertinent questions before us are:
 

• How will a global slowdown in calendar 2024 impact India’s growth?
• Amid slowing exports, can India Inc deliver healthy revenue growth in fiscal 2025?
• What will it take for India to remain the fastest-growing large economy next fiscal and over the medium term?
• How will the role of manufacturing and services evolve over the medium term?
• What is the likely trajectory of private sector investments through the emergence of new thrust areas?
• How will geopolitical volatility influence commodity prices next fiscal?

To catch the discussions and hear from the best, please mark CRISIL’s flagship India Outlook Seminar, to be held on March 6, 2024, on your calendar.