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Cocktail of growth, inflation to bring 7.2% GDP high: Moody's

By Economic Times - 12 hours ago
Moody's Ratings forecasts India's GDP to grow by 7.2% in 2024, retaining its position as the fastest-growing G20 economy, driven by strong consumption, investment, and manufacturing. Despite a recent surge in inflation, the outlook remains positive, supported by government spending, healthy balance sheets, and robust foreign exchange reserves.

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