+
Moody's Forecasts India's Economy Growth
ECONOMY & POLICY

Moody's Forecasts India's Economy Growth

Moody's Analytics, a renowned global economic analysis firm, has projected a positive outlook for India's economy in 2024. According to their latest forecast, India's GDP is anticipated to expand by 6.1% in the upcoming year, reflecting a significant recovery from the challenges posed by the global pandemic.

The projected growth rate signifies a robust rebound for India's economy, showcasing resilience amidst uncertainties and disruptions. Moody's Analytics cites several factors contributing to this optimistic forecast, including the country's continued structural reforms, government initiatives to bolster investment, and the gradual revival of domestic demand.

India's economic landscape has witnessed dynamic shifts in recent years, with the government implementing various policy measures to stimulate growth and attract investments. Moody's Analytics acknowledges these efforts as instrumental in sustaining economic momentum and fostering a conducive environment for businesses.

Despite persistent challenges such as inflationary pressures and global economic fluctuations, India's growth trajectory remains promising. Moody's Analytics emphasises the importance of continued policy support and reforms to sustain the momentum and address lingering structural issues.

The forecast by Moody's Analytics aligns with other projections indicating a gradual recovery for India's economy. With improved vaccination coverage and a gradual easing of pandemic-related restrictions, economic activity is expected to gain further momentum, driving investment and consumption.

India's economic resilience and potential for growth have garnered attention from international investors and businesses. The country's large consumer base, expanding middle class, and vibrant entrepreneurial ecosystem present lucrative opportunities for growth and investment.

As India navigates through the challenges and opportunities on its path to recovery, strategic policy decisions and effective implementation will be crucial in realising its full economic potential. Moody's Analytics' optimistic forecast underscores confidence in India's economic prospects and underscores the importance of sustained efforts towards sustainable growth and development.

Moody's Analytics, a renowned global economic analysis firm, has projected a positive outlook for India's economy in 2024. According to their latest forecast, India's GDP is anticipated to expand by 6.1% in the upcoming year, reflecting a significant recovery from the challenges posed by the global pandemic. The projected growth rate signifies a robust rebound for India's economy, showcasing resilience amidst uncertainties and disruptions. Moody's Analytics cites several factors contributing to this optimistic forecast, including the country's continued structural reforms, government initiatives to bolster investment, and the gradual revival of domestic demand. India's economic landscape has witnessed dynamic shifts in recent years, with the government implementing various policy measures to stimulate growth and attract investments. Moody's Analytics acknowledges these efforts as instrumental in sustaining economic momentum and fostering a conducive environment for businesses. Despite persistent challenges such as inflationary pressures and global economic fluctuations, India's growth trajectory remains promising. Moody's Analytics emphasises the importance of continued policy support and reforms to sustain the momentum and address lingering structural issues. The forecast by Moody's Analytics aligns with other projections indicating a gradual recovery for India's economy. With improved vaccination coverage and a gradual easing of pandemic-related restrictions, economic activity is expected to gain further momentum, driving investment and consumption. India's economic resilience and potential for growth have garnered attention from international investors and businesses. The country's large consumer base, expanding middle class, and vibrant entrepreneurial ecosystem present lucrative opportunities for growth and investment. As India navigates through the challenges and opportunities on its path to recovery, strategic policy decisions and effective implementation will be crucial in realising its full economic potential. Moody's Analytics' optimistic forecast underscores confidence in India's economic prospects and underscores the importance of sustained efforts towards sustainable growth and development.

Next Story
Infrastructure Transport

Railways Opens First Section of Bullet Train Tunnel in Maharashtra

The Mumbai–Ahmedabad bullet train project has achieved a key milestone with the opening of the first section of a 21-km undersea tunnel between Ghansoli and Shilphata in Maharashtra. The high-speed rail corridor, powered entirely by Japanese Shinkansen technology, has seen 310 km of viaducts completed, alongside rapid progress in track laying, electrical works, and station construction. Five of the 12 stations are complete, with three more nearing completion. The BKC station, located 32.5 metres underground, is designed to support a 95-metre structure above. The next-generation E10 Shin..

Next Story
Infrastructure Urban

Mahindra, Osaka Ink Pact to Boost Japanese Investment

Mahindra Industrial Park Chennai (MIPCL), along with its Japanese stakeholder Sumitomo Corporation, has signed a strategic cooperation agreement with the Osaka Prefecture and Osaka Industrial Development Bureau to support Osaka-based businesses entering India.The partnership aims to streamline entry for Japanese manufacturers, providing support such as business visits, regulatory guidance, and market insights. MIPCL and Sumitomo will act as local facilitators, while Osaka authorities will identify and recommend companies for expansion.With India’s projected GDP growth of 6.3 per cent in FY25..

Next Story
Building Material

Govt Plans Mandatory Public Procurement of Green Steel

The Ministry of Steel is working on modalities to mandate public procurement of green steel, as part of its efforts to decarbonise the industry. A Rs 150 billion Green Steel Mission is being formulated to support emission reduction and move towards net-zero targets.The mission will include a PLI scheme, incentives for renewable energy use, and mandates for government agencies to buy green steel. Green steel is produced with significantly lower carbon emissions compared to conventional methods.Speaking at the India Steel Conclave 2025, a senior official said procurement mandates are under consi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?