New Delhi. International rating agency Moody’s has given good news about India’s economy in its latest outlook. Moody’s has estimated that the growth of India’s economy i.e. GDP will be 7.2 percent in the year 2024. According to Moody’s, India’s GDP is estimated to be 6.6 percent in 2025 and 6.5 percent in 2026. Moody’s has also said that banks in India have good balance. The position of corporates is good. Apart from this, India’s foreign exchange reserves are also very good. All these factors together will continue to give momentum to GDP.
Moody’s has also discussed rising inflation in India in its outlook. Moody’s has said that due to rising inflation rate, the Reserve Bank of India i.e. RBI may keep taking tough decisions. Let us tell you that to control inflation, RBI has kept the repo rate at 6.50 percent. Recently, retail inflation rate was recorded at 6.21 percent and wholesale inflation rate was recorded at 2.2 percent. Moody’s has expressed hope in its outlook report that in the coming time, India will have a lot of food reserves and farmers will also sow a lot. When such a situation arises, the prices of food items will become stable again.
The world economy is facing continuous problems since the Corona epidemic. Due to the war between Russia and Ukraine, the prices of essential commodities are also increasing in the world. This has also affected India, but since the Corona epidemic till now, India has left all the countries including China, America and Europe behind in terms of GDP. Due to this, a lot of foreign investment is also taking place in India. However, there has been turmoil in the Indian stock market in recent times. Due to which foreign investors have also turned away from the stock market. Nevertheless, Moody’s outlook report shows that the situation is not bad from the economic point of view.
