India's growth, population to boost demand for carbon goods: Moody's

Quick Summary:

Moody's Ratings on Thursday said India has made rapid progress building its renewables capacity, but its fast-growing economy and expanding population will drive up carbon-intensive product demand.

Moody's expects India to remain one of the fastest growing economies in the world with real GDP growing 7.2 per cent in 2024 and 6.6 per cent in 2025.

Increasing household incomes will also bolster demand for energy-intensive products such as automobiles," Moody's Ratings said.

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Category: BusinessFinance

Markets: India

Topics: Carbon Carbon goods Indian economic growth Indian economy Moodys

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 13:56:16 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23100074

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