New Delhi: Moody’s Rating on Tuesday said India ‘s growth at 6.5 percent during 2024–25 fiscal year remains the highest among the advanced and emerging economy G-20 countries, supported by tax measures and continued monetary easing.
Moody’s said that India’s economy has the potential to reshape global flows, supply chains, trade and geopolitics. It stated that economics will grow slightly from high levels but remain strong this year and next, according to a media report.
It projected that even in FY26, India will still remain the highest achiever among the advanced and emerging G-20 economies, pegging at a growth rate of 6.5 percent, comparatively slower than 6.7 percent in 2024–25. The findings also stated that inflation will average 4.5 percent in the current fiscal year (April 2025 to March 2026) from 4.9 percent in the last fiscal.
In its budget for 2025–25, the government has hiked the income tax rebate to Rs 12 lakh from Rs 7 lakh, which gave tax relief of Rs 1 lakh crore to the middle class.
Besides, the RBI had cut interest rates by 25 basis points to 6.25 percent. It is widely expected that the central bank’s monetary policy committee (MPC) will cut rates again in its monetary policy review on April 9.
