Posted 3/4/2024, 6:38:00 AM
Moody's Boosts India Growth Forecast to 6.8% for 2024 on Robust Momentum
- Moody's significantly raises India's 2024 GDP growth forecast to 6.8% from 6.1%, citing robust economic momentum
- India expected to remain fastest-growing G20 economy through 2024
- Urban consumption demand resilient based on high-frequency indicators like GST collections and auto sales
- Manufacturing and services PMIs signal strong momentum on supply side
- Despite inflation above 4% target, RBI unlikely to ease policy given solid growth
