Moody’s Says India in ‘Sweet Spot,’ Predicts 2024 Growth of 7.2%

Customers queue outside a jewelry store at Zaveri Bazaar during the festival of Dhanteras in Mumbai.Photographer: Dhiraj Singh/Bloomberg

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By Saritha Rai

November 15, 2024 at 11:59 AM UTC

This article is for subscribers only.

Moody’s Ratings forecast a 7.2% growth for the Indian economy in 2024, as household consumption slowly rebounds and inflation moderates.

“From a macroeconomic perspective, the Indian economy is in a sweet spot,” the ratings firm said in its latest Global Macro Outlook report for 2025-26. It estimates a growth rate of 6.6% for the calendar year 2025 and 6.5% in 2026.