Indian economy expected to grow by 7.5% in 2018: Moody's
Global credit ratings, research, and risk analysis firm Moody`s Investors Service expects the Indian economy to grow by around 7.5 per cent in 2018 and 2019. However, the company expects the country`s economy to grow at a higher rate of 7.7 per cent in the first quarter of 2018.
According to the firm, PMI (Purchasing Managers Index) and the index of eight core industries (ECI) shows robust activity in the industrial sector. Image source: Reuters