By Admin 
Moody’s report: The rating agency Moody’s (Moody’s) said on Tuesday that India’s economy will grow at a rate of 6.5 per cent in this year (2024-25), which will be the highest among G-20 developed and emerging countries.
Steps like tax exemption and cuts in interest rates of RBI will help it. Also, India will be able to attract foreign capital and face the challenges of global market.
What did Moodies say?
Rating agency Moody’s appreciated India on two major issues. The first issue in this is of GDP growth rate in 2024-25. According to Moody’s, India’s economy will grow at the rate of 6.5 percent this year. However, last year this rate was 6.7 percent.
The second issue is inflation. According to Moody’s, inflation is expected to be 4.5 percent on an average this year. Whereas last year it was 4.9 percent.
Why is India strong?
The government has given a big exemption in income tax slab. Now there is no tax on income up to 12 lakh in India.
RBI cut the rate (6.25 per cent) in February and is expected to be cut again on 9 April.
Foreign investors have increased trust in India. Because India’s external debt is less and the forex reserve is getting stronger.
What is the effect of American policy?
According to Moody’s, capital emerging markets (EMS) can flow in capital, but big countries like India and Brazil have the strength to avoid it.
The reasons behind this are large domestic markets, stable monetary policy and adequate foreign exchange reserves. With these, the Indian market can stand in front of the tariff policies of America.
Where is growth in Asia?
The growth in China is stronger due to export and infrastructure investment, but domestic demand remains weak. At the same time, small economies (such as Argentina, Colombia) can be more affected by their currency fluctuations against the dollar.
What do experts say?
Moodyes believes that “domestic demand, tax reforms and easy loan policy of RBI” in India will support growth. Also, despite global attitude, the flow of investment in India will remain.
Apart from this, if the RBI once again cuts the rate and the government increases the expenditure on infrastructure, then India can move forward on the path of joining the top-3 economy of the world by 2025.
Also read: Not only Nobody becomes Ratan Tata … donated a large part of his property, family-friends and animals also took care