Moody's upgrades India's 2024 GDP forecast to 6.8%

Moody's upgrades India's 2024 GDP forecast to 6.8%

Daily Current Affairs / Moody's upgrades India's 2024 GDP forecast to 6.8%

Change Language English Hindi

Category : Business and economics Published on: March 06 2024

Share on facebook

Moody's raised India's GDP growth projection for 2024 to 6.8%, citing robust economic performance in 2023 and diminishing global challenges.
India's economy surpassed analysts' expectations with a growth rate of 8.4% during the October-December quarter, attributed to government's capital spending and vigorous manufacturing activity.
Stable inflation in India further bolsters economic stability and growth potential, contributing to a favorable outlook for sustained growth.
The Reserve Bank of India's anticipated policy stability and the government's focus on sustainable economic growth and infrastructure development align with investor confidence, reflecting optimism about India's resilience amid global uncertainties.

Recent Post's

The 4th Shanghai Cooperation Organisation Startup Forum was hosted in New Delhi.
Read More....
Ruturaj Gaikwad appointed as the new captain of IPL 2024's Chennai Super Kings.
Read More....
According to the UN agency, Sudan is now facing the biggest challenge of the hunger crisis.
Read More....
Election Commission of India appoints Bhushan Gagrani as the new BMC Commissioner.
Read More....
World Down Syndrome Day, observed on March 21, highlights the theme
Read More....
Poet and critic Nishant receives the Devi Shankar Awasthi award for his contributions to literature and critical analysis.
Read More....
Naveen Jindal assumes the role of President of the Indian Steel Association, succeeding Dilip Oommen.
Read More....
World Forestry Day was observed on March 21.
Read More....
ISRO successfully concludes its second crucial landing experiment for the reusable launch vehicle.
Read More....
Mineral production in the country sees a growth of 5.9% during January 2024.
Read More....