GDP growth may slow to 6.1% in 2024: Moody’s

News Snapshot:

India’s economy will likely grow 6.1% in 2024, lower than 7.7% in 2023, Moody’s Analytics on Friday projected, adding that inflation outlook remained more uncertain. Looking at GDP relative to its trajectory prior to the Covid-19 pandemic showed that India and Southeast Asia have seen some of the largest output losses worldwide and are only beginning to recover, Moody’s Analytics said in its report titled ‘APAC Outlook: Listening Through the Noise’. “Output in India remains 4%lower than it would have been without the pandemic and its various aftershocks—from supply snags to military conflicts abroad. Things are worse in ASEAN, where...