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Searched Tag: domestic demand
Global rating agency Moody's has reaffirmed a stable outlook for the Government of India's sovereign ratings, keeping the country's long-term and short-term ratings at Baa3 and P-3, respectively.

Moody's bullish: India's growth story continues with stable outlook

April 11, 2024, 10:57 PM - 2 mins read

Moody's report emphasized India's large and diversified economy, high growth potential, relatively sound external position, and stable domestic financing base for government debt. However, it also noted challenges such as high general government debt, weak debt affordability, and low per capita income.

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In a recent analysis, global rating agency Moody's has projected that India's economic growth for the fiscal year 2024-25 is set to outpace that of other emerging market peers within the G20, largely fueled by robust domestic demand.

Domestic demand expected to propel India's growth ahead of other G20 emerging markets: Moody's

March 11, 2024, 02:00 AM - 3 mins read

Highlighting the role of domestic demand as the primary driver of growth across several G20 emerging markets, Moody's suggested that growth cycles in India and Indonesia are currently at their peak, while Brazil and Mexico are likely past theirs. However, it expects relatively stable growth at close to potential levels in 2024 and 2025 for most G20 emerging markets.

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