Moody’s endorses 7.5% India growth |
Moody`s said Indian economy is expected to grow marginally higher at 7.5 per cent during 2015 and interest rate cuts will buttress private sector spending. It says their tracking model suggests that first quarter GDP growth is tracking around 7.3 per cent. Improving domestic demand will help India. International Monetary Fund projected that India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 per cent, helped by its recent policy initiatives, pick-up in investments and lower oil prices. World Bank too has similar GDP growth forecast for India.
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