Moody’s

World Bank projects India’s growth to reach 7.5% in FY 23-24

The World Bank has said that the Indian economy will grow by 7.5 percent in 2024, driving the growth momentum of the South Asian region, which is projected to achieve a robust growth rate of 6 percent in the same year. According to the report "Jobs for Resilience" released on Tuesday, India’s growth is expected to reach 7.5 percent in FY23-24 before returning to 6.6 percent over the medium term. It is expected that activity in services and industry will continue to be strong. The report high...

April 1, 2024 3:17 PM

India’s growth momentum continues as credit rating agencies revise projections upward

Major credit rating agencies have revised India’s 2024 growth projections upwards, indicating growing confidence in the nation's economic potential. India’s economy witnessed impressive growth rates in the first three quarters of FY 2024, recording 7.8 percent in Q1, 7.6 percent in Q2, and 8.4 percent in Q3. Finance Minister Nirmala Sitharaman recently said that the economy will grow by over 8 per cent in the January-March quarter of 2024. As the economy continues its upward trajectory, Go...