India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics

India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics

Read India's economic growth in 4th quarter 2022 to be temporary: Moody's Analytics By IANS

Economy to regain momentum, slowdown late last year temporary: Moody's on India

The government data released last week showed India's gross domestic product (GDP) growth slowed to a three quarter low of 4.4 per cent in October-December,2022, mainly due to contraction in manufacturing and low private consumption expenditure.

Slowdown in India’s GDP growth late last year temporary: Moody’s Analytics

The government data released last week showed India's GDP growth slowed to a three quarter low of 4.4 per cent in October-December 2022, mainly due to contraction in manufacturing and low private consumption expenditure

Slowdown in India's GDP growth late last year temporary: Moody's Analytics

"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale. On the external front, better growth in the US and Europe's incipient recovery will propel India at the mid-year mark," Moody's Analytics said.

India's Q4 economic growth in 2022 to be temporary: Moody's Analytics

The country's economic slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale

Slowdown In GDP Growth Late Last Year Temporary: Moody's Analytics

India's domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary, according to Moody's Analytics.