Indian economy expected to grow by about 7.5% in 2018

Moody’s Investors Service has recently released its Global Macro Outlook for 2018-19. In it, the Indian economy is expected to grow by about 7.5% in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices. However, the rating agency expects the India’s economy to grow at a higher rate of 7.7% in the first quarter of 2018. Apart from this, Moody’s put G-20 growth at 3.3% in 2018 and 3.1% in 2019. The advanced economies will grow 2.3% in 2018 and 2% in 2019.