Cola Increase 2024 Prediction In India. Goldman sachs lowered india's economic growth projection by 20 basis points for the next two years, highlighting a significant drop in government spending as a key factor. According to the data released by the ministry of statistics and programme implementation, india's retail inflation dropped below rbi's target in july 2024 to 3.54 percent.

In 2024, the cola increase for social security beneficiaries is 3.2%. Goldman sachs group inc.has lowered india’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure.