Moody’s Estimates India’s Real GDP to Grow at 7.2% in FY 2018-19

Moody’s Investors Service’s annual Banking System Outlook on India estimated the country’s real gross domestic product (GDP) for the current financial year and next fiscal to grow at 7.2% and 7.4%, respectively.

In its banking system outlook, the global rating agency stated that the growth will be driven by investment growth and strong consumption. It also stated that the operating environment will be stable, supported by robust economic growth.

Source- The Economic Times

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