Moody's Cuts India's Growth Forecast for '25

Keeps growth estimates in the band of 5.5% to 6.5%

- Ruchika Chitravanshi

Moody's Ratings on Wednesday said Indian economy could grow in the band of 5.5 to 6.5 per cent during the calendar year 2025, a shade lower than its February projection of 6.6 per cent as the ratings agency factored in the "unpredictable" US tariffs which it said will hit business planning, stall investment and "raise the risk of a global economic recession".

The agency's report on 'Tariffs and trade turmoil' said that the tariffs will weigh on global trade activity, reduce demand for regional exports and undermine business confidence, leading to reduced investment in the Asia-Pacific region.