What is the revised GDP growth forecast for India in FY 2024 according to Moody's?

A)
6.6%
B)
6.8%
C)
7.2%
D)
7.8%

Correct Answer : Option (C) - 7.2%



Moody’s Ratings has raised India's GDP growth forecast to 7.2% for FY 2024, an increase from the earlier estimate of 6.8%.

This revision is attributed to resilient private consumption and improved business conditions in the country.

The rating agency also adjusted its 2025 growth projection to 6.6%, reflecting positive economic momentum.

Additionally, India recorded a strong 7.8% year-over-year growth in Q1 2024, highlighting the robust performance of its industrial and services sectors.

Published On : August 31, 2024
Category : Indian Economy