indian economic growth – The News Desk

2 min read Last Updated : Apr 11 2024 | 7:46 AM IST The Asian Development Bank (ADB) on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will be driven by public and private sector investment demand and gradual improvement in consumer demand. The 2024-25 growth estimate is, however, lower than 7.6 per cent projected for the 2022-23 fiscal. Strong investment drove GDP growth in the 2022-23 fiscal as consumption was muted, the ADB said. The ADB had in December last year projected the Indian economy to expand 6.7 per cent in the 2024-25 fiscal. "The economy grew robustly in fiscal 2023 with strong momentum in manufacturing and services. It will continue to g...

Moody's recently affirmed Baa3 rating on India. (Photo: Reuters)India's GDP growth: Moody's says strong services expansion and capital expenditures have propelled India's 7.8 per cent real GDP growth in April-June 2023 quarterA day after the official data showed India’s Q1 FY23 GDP growth at 7.8 per cent, Moody’s Investors Service on Friday raised India’s growth projection for the calendar year 2023 to 6.7 per cent citing robust underlying economic momentum. It, however, also pointed to upside risk to India’s economic growth performance.In the Global Macro Outlook 2023-24 (August update), Moody’s said strong services expansion and capital expenditures have propelled India’s 7.8 per cent real GDP growth in the second (April-June) quarter from a year ago.“Given the robust underlying economi...

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ADB raises India’s GDP growth forecast for FY25 to 7% from 6.7% earlier | Economy & Policy News

Moody’s Raises India’s 2023 GDP Growth Forecast to 6.7%, Cites ‘Robust Underlying Economic Momentum’