Indian economy is set to grow 5 to 6 per cent in
2015, according to rating agency, Moody’s.
In its report titled - 2015 Outlook-Global Credit
Conditions, Moody’s said Indian economy is expected to pick up pace in 2015 and
grow in the range of 5 to 6 per cent, helped by strong domestic demand.
"India will have stronger GDP growth in 2015,
which we forecast at 5-6 per cent, up from around 5 per cent in 2014", the
report added.
The country, it said, has benefited from a strong
domestic demand base and diversified export markets that give protection from
the effects of a slowing Chinese economy and muted growth in the euro zone and
Japan.
However, Moody's outlook on the banking system
remains negative as it expects poor asset quality to require continued
provisioning and strengthened capital buffers.
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