Moody's raises India's GDP growth forecast for 2024 to 6.8%
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Moody's Investors Service has raised India's GDP growth forecast for 2024 to 6.8%, up from 6.1% predicted in November 2023, due to increased government capital spending and a thriving manufacturing sector. The ratings agency also adjusted its 2025 GDP growth projection to 6.4% from the previous 6.3%. Moody's reported that India's real GDP grew by 8.4% YoY in Q4 2023, leading to a full-year growth of 7.7%.