Moody said on Wednesday, “India’s GDP has crossed USD 3.5 trillion in 2022 and will continue to be the largest growing G20 economy over the next few years but reform and policy barriers could hamper investments”.
“India’s higher bureaucracy in decision-making will reduce its attractiveness as a destination for foreign direct investment (FDI), especially when competing with other developing economies in the region, such as Indonesia and Vietnam,” Moody added.
Moody said that the Indian higher bureaucracy in decision-making will reduce its attractiveness as a destination for foreign direct investment (FDI) especially in competing with other developing economies such as Vietnam and Indonesia.
As per the survey, economic growth is expected to be brisk in 2023-24 as a vigorous credit disbursal and capital investment cycle are expected to unfold in India with the strengthening of the balance sheets of the corporate and banking sectors.
India enters its Amrit kaal of 25 years in which India is set to be a modern independent developed nation.
Netizens are excited after this announcement of Moody.