• Thursday, August 11, 2022

Business

Moody’s Pegs India’s Growth at 7.5 per cent in 2018, 2019

Mody’s Latest Report Pegs India’s Growth at 7.5 % in 2018, 2019.

By: Radhakrishna N S

India’s economy is expected to record a growth by around 7.5 per cent in 2018 and 2019 as it is strong enough to protect itself from external pressures such as higher energy prices, according to a report released by Moody’s Investors Service on Thursday (23). India may witness higher inflationary trends temporarily as a result of the current upward trend in crude oil prices in the international market. However, the country’s growth will remain intact as it is highly supported by urban and rural demand and improved manufacturing activities. “Growth prospects for many of the G-20 economies remain solid, but…

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