Moody’s raises India’s GDP growth forecast from 6.6% to 8% for this year

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The forecast was made the day after RBI Governor Shaktikanta Das stated that, based on government-released third-quarter GDP data, economic growth in the current fiscal year might approach 8% Moody’s Ratings Thursday went past its prediction for India’s GDP growth in FY24 to approximately 8% from 6.6% owing to robust domestic consumption and capital expenditures. The estimate was made the day after RBI Governor Shaktikanta Das stated that, based on government-released third-quarter GDP data, economic growth in the current fiscal year might approach 8%. Advertisement The most recent Moody’s estimate is approximately 140 basis points higher than the 6.6% prediction...