After months of economic decline and a “technical recession”, the UK economy has finally rebounded with a 0.6% growth in the second quarter of 2024. This optimistic news comes after a slight slowdown in the services sector, which still shows growth despite challenges from the pandemic. The Economic Survey also forecasts a 6.5-7% growth in India’s GDP for the upcoming year, highlighting the resilience of the global economy. The pharmaceutical sector is also expected to play a key role in driving economic growth, with emphasis on skills and innovation. Additionally, the Union Budget has assumed a 10.5% nominal GDP growth, further highlighting the positive outlook for the economy.