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Searched Tag: moody s

Indian firms to invest $45-50bn in capex; RIL leads: Moody's

August 20, 2024, 06:17 PM - 2 min read

Moody's Ratings on Tuesday said rated Indian companies will spend USD 45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country's most valued firm Reliance Industries alone accounting for 30% of the spendings.

India's persistent water shortages, exacerbated by a prolonged heatwave and high consumption rates amid rapid economic growth, are posing significant risks to its credit health, according to a recent report by Moody's Investors Service.

India's growth at risk due to water crisis:Moody's

June 25, 2024, 12:27 PM - 2 min read

The global ratings agency highlighted that the worsening water scarcity could intensify economic volatility in India, affecting sectors heavily reliant on water such as coal power generators and steel-makers. Moody's noted that India's economy is expected to grow at 6.5% in 2024, outpacing other G20 economies, but this growth comes with heightened water consumption challenges.

India is set to maintain its position as the fastest-growing economy in the Asia-Pacific region in 2024, according to a recent report by Moody's Ratings.

India to lead Asia-Pacific growth in 2024: Moody's

June 14, 2024, 11:20 AM - 2 min read

Moody's emphasized that India, along with Indonesia and the Philippines, led the region in terms of growth during the first half of 2024. This robust performance is expected to continue, driven by rising exports, strong local demand, and significant government spending on infrastructure.

Moody’s Ratings has forecasted a 6.6% growth for the Indian economy in the fiscal year ending March 2025 (FY25). This projection, while slightly lower than the Reserve Bank of India's (RBI) and other agencies' forecasts, aligns with Deloitte's prediction

Moody’s predicts Indian economy to grow by 6.6% in FY25

May 15, 2024, 11:54 AM - 2 min read

Moody’s anticipates strong credit demand and robust economic growth to strengthen the profitability of non-bank finance companies (NBFCs). According to Moody's, the Indian economy is expected to have expanded by 8% in the 2023-24 fiscal year.

Global rating agency Moody's has reaffirmed a stable outlook for the Government of India's sovereign ratings, keeping the country's long-term and short-term ratings at Baa3 and P-3, respectively.

Moody's bullish: India's growth story continues with stable outlook

April 12, 2024, 11:27 AM - 2 min read

Moody's report emphasized India's large and diversified economy, high growth potential, relatively sound external position, and stable domestic financing base for government debt. However, it also noted challenges such as high general government debt, weak debt affordability, and low per capita income.

In a recent analysis, global rating agency Moody's has projected that India's economic growth for the fiscal year 2024-25 is set to outpace that of other emerging market peers within the G20, largely fueled by robust domestic demand.

Domestic demand expected to propel India's growth ahead of other G20 emerging markets: Moody's

March 11, 2024, 02:30 PM - 2 min read

Highlighting the role of domestic demand as the primary driver of growth across several G20 emerging markets, Moody's suggested that growth cycles in India and Indonesia are currently at their peak, while Brazil and Mexico are likely past theirs. However, it expects relatively stable growth at close to potential levels in 2024 and 2025 for most G20 emerging markets.

Moody's Investor Service, a leading global ratings agency, has revised its gross domestic product (GDP) forecast for India, reflecting the nation's impressive economic performance in recent quarters.

Moody's Upgrades India's GDP Forecast, Predicts Strong Growth in 2024

March 4, 2024, 03:52 PM - 2 min read

Moody's Investor Service, a leading global ratings agency, has revised its gross domestic product (GDP) forecast for India, reflecting the nation's impressive economic performance in recent quarters. The agency now anticipates a sturdy growth trajectory extending into 2024.