Indian Economy In "Sweet Spot", Says Moody's, Forecasts 7.2% Growth In 2024
NDTV
On India, Moody's said the real GDP expanded 6.7 per cent year-over-year in the second quarter (April-June) of 2024, driven by a revival in household consumption, robust investment and strong manufacturing activity.
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next.
In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
"Most G-20 economies will experience steady growth and continue to benefit from policy easing and supportive commodity prices," it said.
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