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