Us Economy Recession 2024 India. The us economy expanded 2.8 per cent in the second quarter and 1.4 per cent in the first quarter of 2024. There were increased fears of a recession in the united states for the past few months, with elevated inflation rates and poor jobs data report being catalysts to this.

India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and. However, experts point out that as concerns about a recession in the us grows, the indian it sector faces serious challenges.