Current Affairs - Economy - Discussion

Moody’s Ratings has raised India's GDP growth forecast to 7.2% for FY 2024, an increase from the earlier estimate of 6.8%. This revision is attributed to resilient private consumption and improved business conditions in the country. The rating agency also adjusted its 2025 growth projection to 6.6%, reflecting positive economic momentum. Additionally, India recorded a strong 7.8% year-over-year growth in Q1 2024, highlighting the robust performance of its industrial and services sectors.