Morgan Stanley on Monday said India's GDP growth to track above 6 per cent in the next two financial years, supported by strength in domestic demand. It pegged growth for 2023-24 and 2024-25 at 6.2 per cent and 6.5 per cent, respectively.
Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
New Delhi [India], October 11 (ANI): The International Monetary Fund (IMF) has lowered India's GDP growth forecast for the current year by 60 basis points to 6.8 per cent. However, despite the slowdown, India would maintain its position as the fastest-growing major economy in the world.
Mumbai (Maharashtra) [India], October 3 (ANI): The credit quality of India Inc continued to strengthen in the first half of the current financial year, carrying on with the momentum set in motion since the beginning of the financial year 2021-22, rating agency ICRA said on Monday.
New Delhi [India], September 3 (ANI): After India overtook the United Kingdom as the fifth largest economy in the world, experts suggest that by 2030 India will become the third largest economy globally.
Mumbai (Maharashtra) [India], September 3 (ANI): India has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. India would surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth, State Bank of India (SBI
New Delhi [India], September 1 (ANI): Powered by a favourable base effect, India's gross domestic product (GDP) grew 13.5 per cent in the first quarter of the current financial year (April-June) as compared to 4.1 per cent in the previous quarter, according to the official data released on W
New Delhi [India], June 20 (ANI): There is a "distinct possibility" of widespread stagflation in the world, but in India, the risk of stagflation is low as the country has adopted prudent stabilisation policies, said a report released by the Finance Ministry on Monday.
New Delhi [India], June 10 (ANI): Fitch Ratings on Friday lowered India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 7.8 per cent from its earlier projection of 8.5 per cent announced in March, citing inflationary impacts of the global commodity price shoc
New Delhi [India], May 31 (ANI): Despite the downward revisions, India remains the fastest growing economy in the world, Chief Economic Advisor V Anantha Nageswaran said on Tuesday.
New Delhi [India], May 26 (ANI): Rating agency Moody's on Thursday lowered India's economic growth forecast for 2022 by 30 basis points to 8.8 per cent from its earlier projection of 9.1 per cent announced in March.
New Delhi [India], May 11 (ANI): Global brokerage firm Morgan Stanley has lowered India's gross domestic product (GDP) growth forecast for the current financial year to 7.6 per cent citing high inflation and global slowdown.