Moody's Ratings released India's GDP estimate, this rate can be this much percent

By News Update On Sep 25, 2024

New Delhi : Many different agencies have expressed their views on India's growing economy. In this connection, global ratings agency Moody's has also shared its GDP growth data. According to these figures, it has been found that the growth rate of the Indian economy can increase from 6.1% to 6.8% in this financial year.

Rating agency Moody's has released the GDP rate data for this year as well as the coming financial year. It has been said that the growth rate of the Indian economy in the year 2025 may remain almost equal to the previous figures, which means that this rate will remain at 6.5% in the coming year as well. However, this agency has estimated India's GDP rate to be 6.6% in the financial year 2026.

Also read :- The country's economist appealed to MOSPI, requested to reduce the time of releasing GDP

Better inflation rate

In the month of June, this rating agency had said that the GDP rate may come down to 6.2% in the financial year. However, this agency has also expressed the possibility of good results due to inflation. Along with this, the company has also talked about the reduction in India's inflation rate. According to the data, it has come to light that India's inflation may come down from 5% to 4.7%.

Inflation rate in 2025

Let us tell you that in the months of July and August, India's inflation has been less than 4%. The agency had informed that India's inflation is estimated to be 4.5% and 4.1% in the years 2025 and 2026. However, the country's central bank, Reserve Bank of India i.e. RBI, has expressed apprehension that inflation may come down to 4.5% in the financial year 2025.

Based on some media reports, it is being said that the central bank i.e. RBI is not likely to make any change in the rates in the upcoming meetings. At the same time, it is also being said that the first cut of 25 basis points is likely to be made in the month of December. Also, the Federal Reserve Bank of America has recently cut the policy rate by 50 basis points to remove the expectation of recession.

(With agency input)