India’s macroeconomic outlook for January 2025 reflects a mixed trend. Strong tax revenues indicate resilient domestic activity, while a narrowing trade deficit is supported by rising exports in key sectors. Manufacturing growth remains steady but shows signs of moderation. However, rising unemployment and increased rural job demand highlight ongoing labor market challenges. Inflationary pressures and subdued investments pose risks, though policy measures on digital expansion, and industrial growth may support long-term growth.
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