Moody’s ups India’s 2024 GDP growth forecast to 7.2% on strong growth

Moody’s Ratings boosted India’s GDP growth forecast to 7.2% for 2024 and 6.6% for 2025, highlighting solid growth and moderating inflation as key factors. The update also notes improvements in corporate balance sheets, rural demand, and digital infrastructure investments, signaling a robust economic outlook for the country. The ratings agency noted that growth could exceed projections if private consumption gains additional traction.