India’s GDP growth is likely to surpass the average for its peers, as it has over the last decade
Rating agency Moody's said on Tuesday that improved macro-economic balance offers the country "resilience to potential volatility in global capital flows in coming months."
New Delhi: In a big thumbs up to the Indian economy amid global turmoil, rating agency Moody’s said on Tuesday that improved macro-economic balance offers the country “resilience to potential volatility in global capital flows in coming months.”
The agency said that lower oil prices, tighter fiscal and monetary policies have helped restore India’s macro-economic balance over the last two years. The agency noted that although India has slowed from peaks achieved a decade ago, India’s GDP growth is likely to surpass the average for its peers, as it has over the last decade.
( Source : deccan chronicle )
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