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Moody's: India's growth to outpace other G20 emerging markets
The Business Guardian
|March 12, 2024
Moody's forecasts India's Economic growth to outpace that of other emerging market G20 peers in 2024-25, attributing it to sustained momentum in domestic demand.
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During the October-December quarter of 2023, India's real GDP growth surged to 8.4 percent year-over-year, compared to the upwardly revised figures of 8.1 percent in July-September and 8.2 percent in AprilJune.
The global rating agency Moody's attributed India's firm growth primarily to solid capital expenditure, defying private consumption which remained "sluggish" amid still-weak rural demand.
On the supply side, an 11.6 percent surge in manufacturing output and strong service sector activity more than offset a decline in agricultural output in India, it said.
Diese Geschichte stammt aus der March 12, 2024-Ausgabe von The Business Guardian.
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