India’s GDP to exceed 6.5% in FY26: Moody’s

PTI

New Delhi, Updated At : 08:03 AM Mar 13, 2025 IST

Moody’s Ratings on Friday forecast a 7.2 per cent GDP growth for India in 2024, saying the Indian economy is in a sweet spot, but inflation risks may prompt the RBI to retain a relatively tight monetary policy this year. - File photo

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Moody’s Ratings on Wednesday said India’s economic growth will exceed 6.5 per cent in the next fiscal, up from 6.3 per cent this year, on higher government capex and consumption boost from tax cuts and interest rate reduction.

Projecting a stable outlook for the banking sector, Moody’s said although the operating environment of Indian banks will remain favourable in the next fiscal, their asset quality will deteriorate moderately after substantial improvements in recent years, with some stress in unsecured retail loans, microfinance loans and small business loans.

Banks' profitability will remain adequate, it said.

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