Current Affairs - Economy - Discussion

Moody's expects the real gross domestic product (GDP) in India to grow 7.2 per cent in the year ending March 2019 and 7.4 per cent in the following year. Earlier Moody's Investors service growth prediction for India was 7.5% in 2018-19, 7.5% in 2019-20 released on 23rd August,2018. This growth is driven by investment growth and strong consumption. The stable outlook is based on six parameters - operating environment, asset quality, capital, funding and liquidity, profitability and efficiency, and government support.