New Delhi. Even today, the economy of many countries of the world has not recovered from the bite of Corona, while on the other hand, India's economy is being crushed. The situation is that the international rating agency Moody's has predicted India's economic growth rate to be 6.8 percent in the year 2024, whereas earlier Moody's had predicted a growth rate of 6.1 percent. Read this also: Breaking News: GST team raided Raipur Railway Station, investigation continues… Will Shri Radhaswami's cargo be investigated?
Major rating agency Moody's has admitted that the Indian economy is performing better than expected. On this basis, India's growth rate is expected to be the highest in G-20, the organization of the world's largest economically prosperous countries. This report of Moody's has come within a week of the economic estimates released by the Government of India. The great thing is that in recent years this rating agency has not revised the growth rate estimates of any other country so much upwards.
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G-20's growth rate suffered a blow
Talking about the overall economic growth of G-20 countries, its rate is expected to be 2.4 percent in the year 2024 and 2.6 percent in the year 2025. Whereas in the year 2023, the overall growth rate of these countries was 2.9 percent. The growth rate of the three countries of this group, Britain, Japan and Germany, has come down significantly in the year 2024.
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Chinese economy also forced to drag
At the beginning of the year 2023, India and China were identified as the fastest growing economies, but China has performed below expectations, while India's situation has been better than expected. It was earlier said about India that its growth rate would be 6.4 percent in the year 2023, but in reality it was 7.7 percent.