New Delhi, Nov. 15 -- India's economy is in a sweet spot, growing at 7.2% in 2024 with inflation moderating despite a temporary spurt, Moody's Investors Service India Pvt. Ltd said on Friday in an update on the growth prospects for G20 economies.
According to Moody's global macro outlook for 2025-26, India's economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle. The agency also said a shift in global supply chains will offer new opportunities for India, Mexico and other Southeast Asian countries.
Moody's forecast for calendar year 2024 aligns with the Reserve Bank of India's projection of a 7.2% real GDP growth for this financial year...
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