Moody's upgrades India's economic growth forecast to 7.1% in 2024
The revision comes amid Moody's forecast for Asia-Pacific for 2024, which shows the region outpacing the global economy in terms of growth
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Indian GDP growth an outlier amid global economies: CEA
India's GDP grew 8.4% in Q3 FY24, much higher than RBI's forecast of 6.5% for Q3 FY24
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The report notes that approximately 69% of this growth will be propelled by enterprise adoption in sectors such as business services, financial services, education, retail, and healthcare.
Ficci Economic Survey pegs FY24 median GDP growth at 6.3%
Ficci said the downside risks to growth are geopolitical stress, China's slowdown, and below par monsoon among others.
India's growth likely to surpass 7% in two years, inflation top risk: Deloitte
According to Deloitte, investment is also showing 'traction' and the credit-deposit ratio has continued to improve strongly from the lows of the pandemic despite the rising interest rates.
SBI upgrades India's FY24 GDP growth forecast to 6.7%
In FY23, the country's GDP growth rate stood at 7.2%, which is higher than the Centre's second advance estimates of 7% and SBI’s forecast of 7.1%.
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