Credit ratings agency Moody's on Friday raised India's real GDP growth forecast to 7% from 6% for the current fiscal, citing its resilience amid the West Asia conflict. "Although we continue to expect India to grow faster than all other G-20 economies, as well as similarly rated emerging market sovereigns, risks remain", it said.
India's economy grew 7.8% in the April-June quarter, government data showed last month, comfortably beating expectations as a surge in investment and manufacturing activity offset weakness in mining and consumer-facing services.
