India's economy is in a very strong position at the moment. Despite global economic challenges, Moody's Ratings has made an optimistic forecast about the Indian economy. According to Moody's, India's economic growth can reach 7.2 percent in 2024, which is a great performance. After this, this rate is expected to be 6.6 percent in 2025 and 6.5 percent in 2026.

Signs of a strengthening economy

Moody's said in its report that the Indian economy is witnessing a stable and solid growth. Especially the improvement in domestic consumption, investment, and manufacturing activities is boosting the economy. At present, the performance of Indian industry and services is good, which is a strong economic sign.

India's GDP grew 6.7 percent year-on-year in the second quarter of 2024 (April to June), which indicates its strength. According to Moody's, the expansion in the PMI of the manufacturing and service sectors and credit growth are also signs of a strong economic situation. Apart from this, consumer confidence is also increasing, which shows the strength of the Indian economy.

India's performance in the global perspective

Moody's also said that the economies of most of the G-20 countries of the world are growing at a stable pace. These countries are benefiting from soft policies and favorable commodity prices. However, global economic challenges may increase due to policy changes after the elections in America. Despite these global pressures, India has managed its economy strongly and is moving towards positive development.

The path of the future

According to Moody's, India's economy will move towards stable and strong growth in the coming years. Along with the improvement in domestic consumption and investment, manufacturing activities will accelerate, which will further boost growth. Apart from this, the growth rate of 6.6 percent in 2025 and 6.5 percent in 2026 also indicates the continued strength of the Indian economy.