Moody's lifts India GDP growth forecast to 6.8% for 2024
Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, says Moody's
Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, says Moody's
Global credit ratings agency cuts medium-term growth estimate for 10 emerging markets to 4%
GDP will grow primarily due to festive spending in the coming months followed by higher government spending before the upcoming general elections mid-next year
The growth estimates for India are lower than the government and the RBI's forecast of 6.5% growth in FY24
Higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023, says UN.
Paolo Mauro, deputy director, fiscal affairs dept at IMF, says it’s a logistical marvel that programmes helping people at low-income levels reach hundreds of millions of people in India.