Moody’s projects India’s economy to expand by 6.1% in 2024
In a report titled 'APAC Outlook: Listening Through the Noise', Moody's Analytics said the region overall is doing better than other parts of the world.
In a report titled 'APAC Outlook: Listening Through the Noise', Moody's Analytics said the region overall is doing better than other parts of the world.
According to Moody's Analytics, last month was the first time since the start of the pandemic the lead time fell from 27.1 weeks to 27 weeks.
Hours after the Reserve Bank of India raised key lending rates, or repo rate, by 50 basis points to 4.9 per cent, global financial services company Moody's Analytics said the central bank could hike the repo rate by another 60 to 80 basis points through the rest of the year.
According to the report, some additional fiscal support may be mobilised during the second half of the year, depending on the softness in domestic spending.
