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Indian economy in sweet spot, 7.2% growth projected in 2024: Moody’s
Nov 18, 2024
Insights
- Projecting a 7.2-per cent GDP growth for India in 2024, Moody's Ratings said the economy is in a sweet spot, but inflation risks may prompt the central bank to retain a relatively tight monetary policy this year.
- Household consumption is poised to grow, and rising capacity utilisation, upbeat business sentiment and the thrust on infrastructure spending should support private investment, it noted.