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**Moody’s Analytics Predicts India’s Economy to Grow at 6.1% in 2024**
India’s economic growth is projected to reach 6.1% in 2024, a slight decrease from the 7.7% growth recorded in 2023, according to a report by Moody’s Analytics released on Friday. The prediction also highlighted the uncertain outlook for inflation in the country.

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**India and Southeast Asia Witness Significant Output Losses Post-Pandemic**
Comparing the GDP trajectory to pre-Covid-19 levels, India and Southeast Asia have experienced some of the largest output losses globally, with both regions still in the initial stages of recovery. Moody’s Analytics noted that India’s GDP remains 4% lower than it would have been without the pandemic, while the output loss in ASEAN stands at 6% below pre-pandemic projections.

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**Inflation Outlook for China and India**
Moody’s Analytics highlighted the uncertain inflation outlooks for China and India, the two largest economies in Asia. While China’s inflation outlook remains uncertain, India has seen recent consumer price inflation rates hovering around 5%, nearing the upper limit of the Reserve Bank of India’s target range of 2% to 6% without a clear trend towards decreasing price pressures.

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**APAC Economy Growth and Retail Inflation Projections**
Moody’s Analytics reported that the Asia Pacific (APAC) economy is performing better than other regions, with a projected growth rate of 3.8% in 2024, compared to a global growth rate of 2.5%. The Reserve Bank of India (RBI) also maintained its retail inflation projection of 4.5% for 2024-25, citing continued uncertainties in food prices as an influencing factor.

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