Moody's Upgrades India's GDP Growth Forecast to 7.2% for CY2024.

Economy Business

Moody’s has revised its forecast for India’s GDP growth, predicting a 7.2% increase for the calendar year 2024. This adjustment reflects improved economic conditions and a positive outlook for India’s growth trajectory. The rating agency cited robust domestic consumption, government reforms, and strong investment inflows as key factors contributing to this optimistic projection. Moody’s had previously estimated a lower growth rate, but the latest forecast highlights a more favorable economic environment. This upward revision underscores confidence in India’s economic resilience and growth potential in the coming year.


      Moody’s highlights strong government policies as a driving force behind the increased GDP growth forecast for India.

      The revision reflects an expected boost in consumer spending and investment, signaling economic recovery and stability.

     

 

     


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