The Economist 2024 Forecast India. The reserve bank of india (rbi) raised its inflation forecast for the fiscal year to 4.8% due to persistent high food prices and weakened. Moody's ratings has raised india's economic growth forecast for 2024 to 7.2% from 6.8%, citing a revival in rural demand and improved agricultural prospects.

Morgan stanley raised it to 6.4% from 6.2%. India’s retail inflation rose to 6.21% in october 2024, compared to 4.87% in october 2023, primarily due to rising vegetable prices.