India Surpasses China - Moody's Upgrades.!
Moody's, a leading international rating agency, has given good news to India. moody's, which predicts the growth rate and releases reports and surveys from time to time, has given good news on India's economic growth rate. moody's estimates India's growth rate at 6.2 percent for the fiscal year 2023-24. It is noteworthy that earlier it was only 5.5 percent.
Moody's says China's economy data-faces growth challenges. In this context, moody's has revealed that it is lowering the country's growth rate forecast for 2024. moody's said that in the first half of this year, the economies of many countries, including india, performed beyond their expectations. However, for the next year (2024), India's growth rate has been reduced from 6.5 percent to 6.1 percent. moody's said India's growth rate has been lowered due to high base rate.
On the other hand, not only moody's but also other global financial institutions have released optimistic reports on India's growth rate. In this order, Deutsche bank has increased the growth rate of india by 20 basis points to 6.2 percent this year. Also, another leading international rating agency Morgan Stanley has also upgraded India's GDP growth forecast to 6.4 percent.On the other hand, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india (RBI) has also estimated India's growth rate to be 6.5 percent in the July-September quarter of this year.
However, this year's October-December quarter, this growth rate will be slightly reduced to 6 percent. india has emerged as the fastest growing economy in the world according to moody's latest estimates. india, which is currently the fifth largest economy in terms of data-size, will become the third largest economy in a few years. Opinions are being expressed that moody's latest estimates are proof of this.
Moody's says China's economy data-faces growth challenges. In this context, moody's has revealed that it is lowering the country's growth rate forecast for 2024. moody's said that in the first half of this year, the economies of many countries, including india, performed beyond their expectations. However, for the next year (2024), India's growth rate has been reduced from 6.5 percent to 6.1 percent. moody's said India's growth rate has been lowered due to high base rate.
On the other hand, not only moody's but also other global financial institutions have released optimistic reports on India's growth rate. In this order, Deutsche bank has increased the growth rate of india by 20 basis points to 6.2 percent this year. Also, another leading international rating agency Morgan Stanley has also upgraded India's GDP growth forecast to 6.4 percent.On the other hand, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india (RBI) has also estimated India's growth rate to be 6.5 percent in the July-September quarter of this year.
However, this year's October-December quarter, this growth rate will be slightly reduced to 6 percent. india has emerged as the fastest growing economy in the world according to moody's latest estimates. india, which is currently the fifth largest economy in terms of data-size, will become the third largest economy in a few years. Opinions are being expressed that moody's latest estimates are proof of this.