Moody's says India in a sweet spot, raises GDP forecast to 7.2% for 2024
The Indian economy is in a sweet spot, with the mix of solid growth and moderating inflation, says Moody’s.
The Indian economy is in a sweet spot, with the mix of solid growth and moderating inflation, says Moody’s.
Private capital formation after good growth in the last three years may turn slightly more cautious because of fears of cheaper imports from countries that have excess capacity, says Economic Survey
India's GDP growth is forecast to slow to 7% in FY25 but improve to 7.2% in FY26.
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, says Moody's
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
Latest economic data for October-December revealed a 0.4% Japanese economy's annual contraction and a 0.1% decline from the previous quarter in Japan.
RBI governor Shaktikanta Das says India's gross domestic product (GDP) growth will touch 7% in the financial year 2024-25.
Faster-than-expected expansion in July-September, driven by double-digit growth in industry to aid growth.
This is higher than the monetary policy committee's forecast of 6.5% GDP growth in Q2.