01-November-2024
Economy News
 
India's GDP to expand at 6.6% in FY25; will fuel NBFCs' growth: Moody's
15-May-2024

Moody's Ratings on Tuesday said the Indian economy is projected to expand 6.6 per cent in the current fiscal year and said strong credit demand fuelled by robust economic growth will support the NBFC sector's profitability. "We expect India's economy to expand 6.6 per cent in the year ended March 2025 (FY25) and 6.2 per cent the following year, and this will lead to robust loan growth at NBFCs, mitigating the impact of rising funding costs on their profitability," Moody's Ratings said.

News Source:- https://www.business-standard.com/economy/news/india-s-gdp-to-expand-at-6-6-in-fy25-will-fuel-nbfcs-growth-moody-s-124051401330_1.html