The Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, global ratings agency Moody's Ratings said on Friday and forecast 7.2% growth for calendar year 2024, followed by 6.

Moody’s Ratings forecast a 7.2% growth for the Indian economy in 2024, as household consumption slowly rebounds and inflation moderates.

India's real GDP expanded 6.7 per cent year-on-year in the June quarter of 2024, driven by a revival in household consumption, robust investment, and strong manufacturing activity

Moody's Ratings projects India's economy to grow by 7.2% in 2024, fueled by recovering household spending and easing inflation. The agency highlights

Over the last 12 months, India's headline inflation has averaged 5%. However, food inflation has been over 8% as weather shocks boosted the prices of vegetables, cereals and other essential foods. Ratings agency Moody’s expects robust economic growth for India,

While the central bank shifted its stance to neutral and kept the repo rate steady at 6.5 percent in October, Moody’s anticipates that the RBI will maintain a relatively tight monetary policy through 2024,

In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity.