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Moody's Analytics on Friday projected India's economy to expand 6.1 per cent in 2024, lower than 7.7 per cent growth clocked in 2023. It said output in India remains 4 per cent lower than it would have been without the COVID pandemic and its various aftershocks -- from supply snags to military
By Amanda Lee, Fabiana Negrin Ochoa and Kimberley Kao SINGAPORE--Singapore's central bank kept its monetary policy unchanged as it cautioned that inflation is set to stay high for at least a...
It said output in India remains 4 per cent lower than it would have been without the COVID pandemic and its various aftershocks -- from supply snags to military conflicts abroad.
Moody's Analytics reports contrasting retail inflation outlooks for India and China, with China experiencing minimal inflation due to demand shortages and falling pork prices, while India's inflation remains around 5%, nearing the upper limit of the RBI's tolerance band. India's recovery from the pandemic-induced economic downturn is slow, with output still 4% lower than pre-pandemic levels.
UOB economists said combined data for the first two months of the year suggests a continuing recovery, with shipments to major markets like the U.S. and China improving. Still, analysts flag...