Moody's pegs GDP at 7.2% in 2024

'From macro perspective, economy is in sweet spot, with growth and moderating inflation'

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DESPITE many beginning to re-look at their growth forecasts—unlike the Reserve Bank which has been sticking its neck out with the 7.2% growth this fiscal, global rating agency Moody's has upped its calendar year 2024 GDP outlook to 7.2%, saying "the Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation."

The agency has also pegged its 2025 growth at 6.6% and 6.5% in the next.

The forecast comes amid the likely heightened trade wars and resultant tension with the return of Donald Trump as the next US president who had said would slap higher duties on Chinese and Indian imports to the tune of 40% and 20%, respectively.