Moody’s Ratings forecast a 7.2% growth for the Indian economy in 2024, as household consumption slowly rebounds and inflation moderates.

Over the last 12 months, India's headline inflation has averaged 5%. However, food inflation has been over 8% as weather shocks boosted the prices of vegetables, cereals and other essential foods. Ratings agency Moody’s expects robust economic growth for India,

Moody’s Ratings on Friday forecast a 7.2 per cent GDP growth for India in 2024, saying the Indian economy is in a sweet spot, but inflation risks may prompt the RBI to retain a relatively tight monetary policy this year.

While the central bank shifted its stance to neutral and kept the repo rate steady at 6.5 percent in October, Moody’s anticipates that the RBI will maintain a relatively tight monetary policy through 2024,

Moody's says India's economy is in a 'sweet spot', forecasting 7.2% GDP growth in 2024 and 6.6% in 2025, driven by strong consumption and investment.

The Indian economy is in a "sweet spot," combining solid growth with moderating inflation, according to Moody’s Ratings. The agency forecasts India’s GDP to grow by 7.2 per cent in 2024 and 6.6 per cent in 2025.

The Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, global ratings agency Moody's Ratings said on Friday and forecast 7.2% growth for calendar year 2024, followed by 6.

Moody's Ratings says inflation risks might prompt the Reserve Bank of India to retain a relatively tight monetary policy this year.

In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity.