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Moody’s said household consumption in India is poised to grow (Representational) New Delhi: Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody’s Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro…
Read More “Indian Economy In “Sweet Spot”, Says Moody’s, Forecasts 7.2% Growth In 2024” »
Moody’s Ratings on Tuesday (August 20, 2024) said rated Indian companies will spend $45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country’s most valued firm Reliance Industries alone accounting for 30% of the spendings. Investments to increase vertical integration and achieve net zero targets will also keep…
Read More “RIL to lead lift in capex spend to $45-50 billion over 1-2 years: Moody’s” »
Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. It said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply…
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Global rating agency Moody’s on March 4 raised India’s growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of ‘stronger-than-expected’ economic data of 2023 and fading global economic headwinds. India’s real GDP expanded 8.4% year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7% growth for…
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Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody’s Investors Service said. Three state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — which control roughly 90% of the market, have kept…
All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…
Read More “India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s” »