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- Global rating agency Moody's has increased its forecast for India's GDP growth to 7% for the current fiscal year, up from a previous estimate of 6%.
- The agency identified India as the fastest-growing economy among G20 nations, supported by increased infrastructure investment and a strong service sector.
- However, Moody's also cautioned that rising crude oil prices and potential food inflation due to El Nino could exert pressure on future economic activity.
What to watch next
- Impact of rising crude oil prices on inflation
- Potential economic pressure from food price hikes due to El Nino
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Named India · IN-KA · Fitch Ratings · Moody's · Reserve Bank of India · S&P Global Ratings
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