NEW DELHI: The Budget signals slowing fiscal consolidation as focus shifts to reinforcing growth, global ratings agency Moody’s Ratings said on Tuesday but it expects that govt is within reach of its near-term deficit target of 4.5% by fiscal 2025-26.“Planned cuts to personal income tax rates will bolster middle-class spending power and consumption, which is…
NEW DELHI: 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 6.6% in 2025 and 6.5% in 2026. Moody’s said India’s economy is growing robustly and has the potential…
Moody’s Ratings in its lates Global Macro Outlook report on Friday projected Indian economy to grow by 7.2% in 2024, driven by gradual recovery in household spending and easing inflation pressures. The rating agency further projected growth rates of 6.6% and 6.5% in 2025 and 2026, respectively.“From a macroeconomic perspective, the Indian economy is in…
