According to Moody’s, Indian economy will expand at 6.1 per cent in FY25 as the country’s output hit a roadblock and will see impact of delayed post-pandemic rebound.
Moody’s Analytics expects India GDP growth to be significantly muted compared to the RBI forecast. According to Moody’s, Indian economy will expand at 6.1 per cent in FY25 as the country’s output hit a roadblock and will see impact of delayed post-pandemic rebound.
Moody’s Analytics mentioned, ”We anticipate India’s GDP to expand at 6.1 per cent in 2024 following 7.7 per cent last year. Southeast Asia and South Economies will have some sturdy output profits this year but their performance gets lessened because of delayed post-pandemic rebound,” PTI reported.
The region is overall performing very well compared to other places across the world, Moody’s asserted this in its report termed as ‘APAC Outlook: Listening Through the Noise’. As per Moody’s, India and Southeast Asia is at the initial stage of recovering from the impact of massive output losses globally. It said this statement by analyzing GDP respective to its trajectory before covid pandemic.
The APAC (Asia Pacific economy) will enlarge at the rate 3.8 per cent in 2024 with an advancement of 2.5 per cent for the global economy. The outlook for India and China respective to inflation is undetermined.
Recently, the Reserve Bank of India kept hold of retail inflation prediction at 4.5 per cent for the current fiscal and food prices unpredictability continue to carry on the inflation path. The supply chains and commodity prices will continue to be at risk because of ongoing geopolitical tension. The Central Bank of India had projected inflation for the quarter ending March at 4.7 per cent.
(Inputs from PTI)
Source:financialexpress.com