- Moody’s raised India’s 2024 GDP forecast to 6.8%.
- Moody’s Investor Service raised India’s economy GDP forecast to 6.8% from 6.1 %.
- Moody predicted that inflation will remain above the RBI’s target of 4 per cent.
- Moody’s noted that the 8.4 per cent growth during the third quarter is more than the economists’ projections of 6.6 per cent.
- As per Moody’s Global Macroeconomic Outlook, the growth will be 6.4 per cent in 2025.
- India’s economy has performed well and stronger-than-expected data in 2023.
- India is likely to remain the fastest-growing among G-20 economies.
- Moody’s expects that after the general election policy will continue and the focus will remain on infrastructure development.
- The private industrial capital spending is slowly picking up and it is expected to pick up with ongoing supply chain diversification benefits.
- According to Moody’s, the newly elected leaders will shape both international and domestic policy over the next four to five years, changing supply networks and geopolitical dynamics.
