Moody's India Reform

Moody's Investors Service on Thursday retained India's economic growth forecast for 2023 at 6.7 per cent and said strong domestic demand will likely sustain the growth in the near term. With exports remaining weak against an unfavourable global economic backdrop, Moody's in its Global Macroeconomic Outlook 2024-25 said sustained domestic demand growth is propelling India's economy. "We expect India's real GDP to grow about 6.7 per cent in 2023, 6.1 per cent in 2024 and 6.3 per cent in 2025," Moody's said. India's real GDP rose 7.8 per cent year-over-year in June quarter, up from 6.1 per cent in March quarter and bolstered by a 6 per cent increase in household consumption and solid capital expenditure and service sector activity. India's growth momentum remains strong and we expect the economy to grow 6.7 per cent in 2023, as it did in 2022, it said. Moody's said high-frequency indicators show that the economy's strong June quarter momentum carried into July-September as well. "Ro

The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody's Investors Service in its latest report on the banking sector in emerging markets

The fiscal deficit may touch 3.4 per cent of gross domestic product (GDP) for year ending March 2019, breach the target of 3.3 per cent

We expect the Indian economy to grow around 7.5% in 2018 and 2019, said Moody's

As we have said before, the bank recapitalisation plan should also help credit growth over time, thereby supporting growth: Moody's said

A busy election schedule will slow reform momentum in some Asia Pacific economies, the report says