Moody's lifts GDP forecast to 6.8% from 6.1% for 2024
Monday, 4 March 2024
"India's economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%. India is likely to remain the fastest growing among G20 economies over our forecast horizon," Moody's said in a report. The agency said India's real GDP expanded 8.4% year-over-year in the fourth quarter of 2023, resulting in 7.7% growth for full-year 2023.
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