India’s real GDP growth accelerated to 8.2 per cent year on year in the first half of calendar 2026, compared with 7.3 per cent in calendar 2025. Moody’s attributed the stronger momentum to robust private consumption, continued gross fixed capital formation supported by public infrastructure spending, a likely revival in private investment and sustained strength in the services sector. Moody’s said that India is expected to grow faster than other G20 economies and similarly rated emerging-market sovereigns, according to media reports. It noted that increased diversification of crude oil import sources, sizeable foreign exchange reserves and strong domestic demand provide buffers against external shocks.
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