Moody’s Ratings projects India’s economy to grow by 7.2% in 2024, fueled by recovering household spending and easing inflation. The agency highlights robust festival demand and increased rural expenditure as key drivers. While the RBI is expected to maintain a relatively tight monetary policy, potential risks to inflation remain from geopolitical tensions and weather events.
‘Indian economy in sweet spot’: Moody’s projects India’s GDP to grow at 7.2% in 2024
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