00:01In the latest news that's coming in, Moody's again is looking at India's growth at about 7%.
00:06Remember, there have been international platforms and groups that have consistently maintained
00:10that India has at least showed a certain stability even in the times of conflict
00:15when other economies of the world, even the Western world, were suffering.
00:19What we know so far is that Moody's ratings have said the Indian economy
00:22is expected to grow at higher rate of 7% in the current fiscal.
00:25This is broad-based economic momentum demonstrating resilience to the energy supply shock warrant upward revisions
00:32to the growth forecast to 7% from 6.5%.
00:37So this means, and this remember, is of course not an Indian organization
00:41and is a reference to how at least there's been a certain stability,
00:45there is a growth forecast that is coming in as well.
00:49And this is Moody's and constantly, remember the IMF had also maintained
00:53even during the times of the pandemic, how in the dark horizon
00:56that it was that spot of brightness that had come in from India.
01:02Aishwara Patil, our Business Today colleague, is joining me for the latest on that.
01:06Aishwara, go ahead, tell me about what is the Moody's growth rating saying for India?
01:11Well, Moody's has raised the FY27 GDP estimates.
01:16It has forecasted that in the next financial year, we will, in the, you know,
01:23financial year, upwards from here, we will see the GDP forecast from 6.5 to 7%,
01:30which is a 0.5% rate that they have given.
01:33This is basically a broad-based economic momentum which has been given by Moody's on India's economy.
01:43It says India's resilience to energy supply shocks also supports
01:48what outlook going forward from here.
01:51They've also talked about other metrics which talk about India's economic health,
01:56which is, you know, on consumption, what kind of investments are we talking about,
02:00and also the near-term growth.
02:02So, all in all, it is an uptick of a 0.5% as far as GDP forecast is concerned.
02:09As far as the RBI is concerned, rate hikes could also delay private investment recovery,
02:14is what Moody's is saying.
02:15We've also given some numbers as far as inflation being one of the factors,
02:20weak monsoon, and El Nino effect remains a near-term risk amid all of the positivity.
02:27These are some of the risks that they have flagged off
02:30and talked about India's overall economic health.
02:34Aishwarya will be here tracking all the latest on that
02:36about how Moody's is suggesting clearly a growth forecast for India.
02:396.5% to 7% now, as has been suggested.
02:43Let's pray, fingers crossed, that the stability remains.
02:46Let's pray.
02:46Let's pray.
02:48Let's pray.
