It cited the higher government capex and consumption boost from tax cuts and interest rate reduction for this growth.
Moody's said that following a temporary slowdown in mid-2024, India's economic growth is expected to reaccelerate and record one of the fastest rates among large economies globally.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Yemen's Houthi rebels say 'any Israeli vessel' in nearby waterways again a target
Yemen's Houthi rebels warned shippers early Wednesday that \"any Israeli vessel\" traveling through nearby Mideast waters is now a target as Israel continues to block aid to the Gaza Strip.
Japanese media say police have arrested several men for alleged sexual assault of their daughters
Japanese media reported this week that police have arrested several men accused of sexual assault of their underaged daughters and sharing their abuse videos online.

Unrest in North Bengal medical college over watching cricket match
The North Bengal Medical College and Hospital (NBMC&H) witnessed chaos today after authorities issued a show cause notice to intern Sunny Manna for allegedly using the college's Lecture Theatre to watch the Champions Trophy final between India and New Zealand.

India's IT services industry to witness revenue growth of 4-6 per cent in FY26: ICRA
A report released by the rating agency ICRA on Wednesday said India's IT services industry is expected to witness moderate revenue growth of 4-6 per cent in the financial year 2025-26 (FY26).

PM Reassures Mauritius on Chagos Sovereignty
India, Mauritius agree to elevate relationship to Enhanced Strategic Partnership

Army, Air Force Hold Joint Exercise for Swift Response
The exercise aimed to strengthen coordination between ground and air forces

Madagascar a Steadfast Partner of India: LS Speaker
Lok Sabha Speaker Om Birla today said India holds Madagascar in the highest regard as a cherished and reliable friend, as well as a steadfast partner in its journey of progress.
Revisiting controversy surrounding CAG's Rafale report
Excerpted from CAG Ensuring Accountability Amidst Controversies: An Inside View
Reflections on architecture—Its meaning and purpose
The book \"Listening to Stillness\", a compilation of transcribed lectures and conversations of Prof. Neelkanth Chhaya on architecture, put together with loving care by team Akarmaa, is a wellspring of critical and reflective thinking, brilliant insights and plural world views about the discourse and its practice.
Moody's Projects India's Growth to Exceed 6.5 Per Cent Next Fiscal, Up From 6.3 Per Cent This Year
India's economic growth will exceed 6.5 per cent in the next fiscal, up from 6.3 per cent this year, said Moody's Ratings on Wednesday.