Posted 3/4/2024, 5:15:59 AM
Moody's Upgrades India Growth Forecast to 6.8% for 2024 on Resilient Consumer Demand and Economic Momentum
- Moody's raised India's GDP growth forecast for 2024 to 6.8% from 6.1% previously
- India expected to remain fastest-growing major economy, outpacing G20 countries
- Robust indicators like GST collections and credit growth show resilient urban consumer demand
- Manufacturing and services PMIs point to sustained economic momentum
- RBI maintains repo rate at 6.5% despite inflation easing, citing robust growth dynamics
