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%

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Category : Business and economics Published on: March 06 2024

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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.

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