Moody's upgrades India's 2024 GDP forecast to 6.8%

Moody's upgrades India's 2024 GDP forecast to 6.8%

Daily Current Affairs / Moody's upgrades India's 2024 GDP forecast to 6.8%

Change Language English Hindi

Category : Business and economics Published on: March 06 2024

Share on facebook

Moody's raised India's GDP growth projection for 2024 to 6.8%, citing robust economic performance in 2023 and diminishing global challenges.
India's economy surpassed analysts' expectations with a growth rate of 8.4% during the October-December quarter, attributed to government's capital spending and vigorous manufacturing activity.
Stable inflation in India further bolsters economic stability and growth potential, contributing to a favorable outlook for sustained growth.
The Reserve Bank of India's anticipated policy stability and the government's focus on sustainable economic growth and infrastructure development align with investor confidence, reflecting optimism about India's resilience amid global uncertainties.

Recent Post's

Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".
Read More....
Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.
Read More....
Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.
Read More....
Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.
Read More....
Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.
Read More....
India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.
Read More....
New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.
Read More....
The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).
Read More....
Former Chief Election Commissioner Navin Chawla Dies At 79.
Read More....
All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.
Read More....