Moody’s Analytics projects a slight increase in India’s economic growth to 6.1% in 2024, up from 6% in March. Despite recent consumer price inflation around 5%, the agency sees no clear evidence of slowing price pressures. The Reserve Bank of India maintains its retail inflation projection for 2024-25 at 4.5%. Geopolitical tensions pose risks to commodity prices and supply chains. Moody’s notes that India’s output remains 4% lower due to pandemic-related disruptions. While the Asia-Pacific region shows resilience, India and Southeast Asia are still recovering from significant output losses.
Moody’s Analytics Forecasts India’s Economy to Grow by 6.1% in 2024
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