• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s Economy In Sweet Spot With Strong Growth, Inflation Likely To Ease: Moody’s

OMMCOM NEWS by OMMCOM NEWS
November 15, 2024
in Business
Indian Economy

New Delhi: India’s economy is in a “sweet spot” with strong growth and inflation expected to ease in the coming months, according to Moody’s Global Macro Outlook report released on Friday.

The global ratings agency has forecast 7.2 per cent growth for calendar year 2024, followed by 6.6 per cent in 2025, and 6.5 per cent in 2026.

It also expects the Indian economy to maintain its steady momentum in the July-September quarter after clocking a 6.7 per cent growth rate in the April-June quarter.

“High-frequency indicators – including expanding manufacturing and services PMIs, robust credit growth and consumer optimism – signal steady economic momentum in Q3,” Moody’s Ratings said.

“Household consumption is poised to grow, fuelled by increased spending during the ongoing festive season and a sustained pickup in rural demand on the back of an improved agricultural outlook,” the report states.

“India’s (Baa3 stable) economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle,” it said.

Private investment is likely to be supported by increasing capacity utilization, strong business sentiment, and the government’s infrastructure investments, the report added.

Moody’s also highlighted that India’s solid economic fundamentals, like healthy corporate and bank balance sheets, a resilient external position, and robust foreign exchange reserves, bolster the outlook. The report also predicts a decline in the inflation rates in the months ahead.

“Despite the near-term uptick, inflation should moderate toward the RBI’s target in the coming months as food prices ease amid higher sowing and adequate foodgrain buffer stocks,” the report said.

India’s inflation surged to a 14-month high of 6.2 per cent in October, crossing the upper limit of the RBI’s 2-6 per cent band, driven by higher food prices and the late withdrawal of the monsoon caused extensive damage to vegetable crops such as potatoes and onions. This has killed hopes of a rate cut by the RBI to accelerate economic growth as the central bank has made it clear that it will reduce the policy rate only if inflation comes down to 4 per cent on a durable basis.

“Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate steady at 6.5 per cent in October, it will likely retain relatively tight monetary policy settings into next year given the fairly healthy growth dynamics and inflation risks,” the Moody’s report states.

(IANS)

Tags: India's economy
ShareTweetSendSharePinShareSend
Previous Post

Tribals Ignored By Past Regimes, Remain Top Priority In NDA Govt: PM Modi In Jamui

Next Post

Senior Citizens Of All States To Get 25pc Bus Fare Concession In Andhra

Related Posts

Business

Adani Ports Sets New Robust Record In Cargo Handling In May

June 3, 2025
Business

Adani Stocks Defy WSJ Report; Market Shrugs Off Allegations Amid Group’s Resilience

June 3, 2025
Business

RBI Expected To Cut Repo Rate By 100 Basis Points By 2025 End: Nomura

June 3, 2025
Business

Tesla India Leases Rs 25 Crore Service Centre In Mumbai

June 3, 2025
Business

India’s Economy To Grow By 6.3 Pc In 2025, 6.4 Pc In 2026 As Global Growth Slows: OECD

June 3, 2025
Indian Stock Market
Business

Stock Market Ends Lower On 3rd Consecutive Trading Day As Weak Global Cues Continue

June 3, 2025
Next Post

Senior Citizens Of All States To Get 25pc Bus Fare Concession In Andhra

NGT Seeks

NGT Seeks Details Of Waste To Energy Plants Not Complying With Norms

Congress MP Rahul Gandhi

After Caste Census, Dalits, Tribals, Poor Will Recognise Their True Strength: Rahul Gandhi In J'khand

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.