According to Moody’s Analytics’ research “APAC Outlook: Listening Through the Noise,” India’s GDP (GDP) is anticipated to fall to 6.1% in 2024 from 7.7% growth in 2023.
Key Points:
- According to the research, India’s productivity is still 4% lower than it would be without the COVID-19 epidemic and its aftermath, including supply interruptions and international armed engagements.
- The analysis predicts that economies in South and South-East Asia will experience significant output growth in 2024, but their performance may be hindered by a delayed post-pandemic recovery.
- According to the analysis, the APAC region is expected to grow by 3.8% in 2024, while the world economy will rise by 2.5%.
- According to the report, China and India face more uncertainty about inflation.
- According to the research, India’s consumer price inflation rate is around 5%, which falls within the RBI’s target range of 2% to 6%. Price pressures do not appear to be easing.
