Indian economy to grow at 7.3% in 2019, 2020

Moody’s Credit rating agency said that India is poised to grow at a relatively stable pace in 2019 and 2020. “We expect India’s economy to grow around 7.3 per cent in both years,” the agency stated. In its quarterly ‘Global Macro Outlook for 2019 and 2020’ report, Moody’s said, “While not immune, India is less exposed to a slowdown in global manufacturing trade growth than other major Asian economies and emerging markets.

The government spending announced ahead of elections this year (due by May) will support near-term growth.” The agency further said, “Indian household spending growth will remain stable. A recent positive development is a pickup in investment spending and exports, after weak growth in 2017.