Us Recession 2024 Probability In India. Recession that lowers brent crude oil prices might help prop up the indian currency. In this context, there is a chance that the us companies may reduce their it budgets during a recession, affecting the number of projects outsourced to indian it.

India’s inflation, most recently 5.1% in january, has stayed at the higher end of its range over the last decade but below levels in the early 2010s. Despite wage growth being above the fed’s 2% inflation target, the employment report strengthens the case for a september rate cut.