Moody’s revised Real GDP Growth Projection of India to 8%.
Rating agency Moody’s predicted stable outlook for India. India’s fiscal metrics will continue to gradually improve.
The long-term and short-term ratings of the government of India has been pegged at Baa3 and P-3, respectively.
Moody’s has revised India’s real GDP growth projection to 8 per cent for the 2024-25. The first three quarters of financial year 2023-24 shows strong growth numbers.
Moody’s projected that economic growth will remain above 6 per cent over the next two fiscal years.
As per the Moody’s, in 2024-25, India’s economic growth will remain above G20 peers emerging countries.
India’s GDP grew at a massive 8.4% during the October-December quarter of the current financial year 2023-24.
India’s economy grew 7.2% in 2022-23 and 8.7% in 2021-22, respectively.
