New Delhi. Moody's Rating: All the countries of the world are keeping an eye on India's development. Global rating agency Moody's has presented a report on India's economic growth. Moody's has estimated in its report that India's economic growth can grow at a rapid pace of 6.6 percent in the current financial year.

India Growth Rate: Rating agency estimates the growth rate of Indian economy to be 6.6 percent in the current financial year

GDP Growth Forecast Everyone's eyes are on India's economic growth. Regarding India's growth rate, global rating agency Moody's said that India's growth rate can be seen to increase by 6.6 percent in the last financial year. Moody's said that India's economic growth can be due to the boom in the NBFC sector and increase in credit growth.

How fast will India's economy grow

Moody's Ratings said in its report that India's economy will grow by 6.6 percent at the end of the current financial year and 6.2 percent in the coming financial year. NBFC and credit growth will be the main factors in this growth. Moody's has estimated that the Indian economy can grow at a rapid rate of 8 percent in the financial year 2023-24.  

Moody's said in its report about non-banking financial companies that NBFCs will continue to play an important role in meeting the growing demand for personal and business loans. NBFCs will contribute significantly to the strong economic development of the country.

What did IMF and World Bank say about India's growth rate

Some time ago, the International Monetary Fund (IMF) and the World Bank also praised India's economic growth. The IMF had estimated the growth rate to be 6.5 percent in the last financial year. At the same time, the World Bank estimated that India's growth rate could be 7.5 percent in the last financial year 2023-24.