"2015: Healthy year for Indian Economy"-Moody'sBusiness News

December 10, 2014 10:32
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"2015: Healthy year for Indian Economy" Moody's predicted in a report titled "2015 Outlook-Global Credit Conditions"

"India will have stronger GDP growth in 2015, which we fore cast at 5-6 percent"-Moody's said
As per Moody's forecast,Employment and Consumption are likely to elavate, and the fall in global commodity prices will help to tame inflation in India.weakening of eurozone,Japan and Chinese Growth conditions will create room for Indian markets to grow up.

Now India is having GDP growth around 5 percent, if this assessment works out for Indian scenario India will certainly enhace it's developing efforts in industrial and social sector.

However Moody's outlook on Banking sector in India remaing negative,Showing poor asset quality in capital buffers.This condition leads to uncertainity in investiment and infrastructural development.

AW: Kannamsai

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