Moody's raises India's 2024 GDP growth forecast to 6.8% due to strong economic data and government spending.
Moody's raises India's 2024 GDP growth forecast to 6.8% from 6.1% due to stronger-than-expected economic data, robust manufacturing sector, and upbeat capital spending by the government. This comes after India reported a 7.7% growth rate in 2023, with an 8.4% growth rate during the period from October to December. Moody's expects the Indian economy to comfortably register a 6-7% real GDP growth in the future.
March 04, 2024
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