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.
