India to grow at 7.5% in 2018, 2019: Moody’s

India to grow at 7.5% in 2018, 2019: Moody’s

News:

1. According to Moody’s Investor Service, India is likely to grow at 7.5% in 2018 and 2019.

Important facts:

2. Moody pointed out the following facts in its Global Macro Outlook for 2018-19:-

• Indian economy is largely resilient to higher oil prices.
• Energy prices will raise inflation temporarily.
• However, growth remains intact as it is supported by strong urban and rural demand and improved activity.
• Growth prospects for G-20 economies stood at 3.3% in 2018 and 3.1% in 2019.
• The advanced economies will grow 2.3% in 2018 and 2% in 2019.