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Updated December 24th, 2023 at 20:30 IST

Here’s how key financial events will impact India in 2024

2024 is just a few days away, and the world and the global economy is expecting 2024 to be less tumultuous in comparison to 2022, and 2023.

Business Desk
Here’s how key financial events will impact India in 2024
Here’s how key financial events will impact India in 2024 | Image:Pexels
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2024 is just a few days away, and the world and the global economy is expecting 2024 to be less tumultuous in comparison to 2022, and 2023. The global economy watchers are expecting 2024 to be smooth and free from disruptions. However, all experts and economists are looking up to some key events that will determine the way the global and Indian economy will grow in 2024.

Here are some top key events:

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Fed Rate Cuts

The expectation is that the US Fed may cut rates between 0.75 per cent to 2 per cent in 2024. This may cause risk to trade thanks to a large flow of FII into Indian equities. The US Fed has been aggressively hiking the interest rate to tame the soaring inflation since 2021, and the recent Fed meeting has made clear the central bank’s intent to keep the interest rates higher for some time. 

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RBI Rate Cuts

Another key event that will be watched out by economy watchers is the rate cut by the Reserve Bank of India in 2024. The Reserve Bank of India has been at the forefront in controlling intractable retail inflation. The expectation that the apex bank may cut the rates by 1.5 per cent to 2.5 per cent is likely to drive large economic growth and large DII inflows. 

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Elections in India 

Apart from some key policy decisions, the biggest of all is the general elections in India in 2024. The elections will set the path for India’s growth story and will constitute a large fiscal and monetary allocation.

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Election in the USA

Next on the list is the election in the USA in 2024, which is one of the biggest events determining the course of the global economy. As per the experts and economists, elections in the USA in 2023 will lead to favourable monetary and fiscal policies.

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Published December 24th, 2023 at 13:37 IST

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