Recession In 2024 India. Against a backdrop of global economic volatility, the indian economy presents a picture of resilience. Sitharaman reduced the food subsidy by 3.3 percent to 2.12 trillion rupees ($25.5bn) in.

India’s bailout may not be enough to save economy; Announcements in the union budget 2023 will be crucial as it will decide how india’s economy will perform in fy24 in the middle of a turbulent global economic.