Moody’s Analytics on Friday projected India’s economy to expand 6.1 per cent in 2024, lower than 7.7 per cent growth clocked in 2023.
It said output in India remains 4 per cent lower than it would have been without the Covid pandemic and its various aftershocks — from supply snags to military conflicts abroad.
“Economies in South and Southeast Asia will see some of the strongest output gains this year, but their performance is flattered by a delayed postpandemic rebound. We expect India’s GDP to grow 6.1 per cent in 2024 after 7.7 per cent last year,” Moody’s Analytics said.
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