Moody's Ratings in its latest Global Macro Outlook report projected Indian economy to grow by 7.2% in 2024, driven by gradual recovery in household spending and easing inflation pressures.

• The rating agency further projected growth rates of 6.6% and 6.5% in 2025 and 2026, respectively.
• Moody's said that despite the near-term uptick, retail inflation should moderate toward the Reserve Bank's target in the coming months as food prices ease amid higher sowing and adequate food grain buffer stocks.
•  The retail inflation scaled to a 14-month high of 6.21, breaching the RBI's upper tolerance limit, on a sharp jump in vegetable prices.
•  The agency said sporadic food price pressures continue to inject volatility in the disinflation trajectory.