Moody's Upgrades India's GDP Forecast for 2024
Moody's has revised India's 2024 GDP growth forecast from 6.1% to 6.8%, citing robust economic performance and reduced global challenges. The country's economy surged by 8.4% in the October-December quarter, driven by government spending and manufacturing activity.
Despite concerns about discrepancies between GDP and GVA growth, India remains the fastest-growing G-20 economy. High-frequency indicators indicate sustained momentum, with resilient urban consumption and expanding manufacturing.
