India likely to grow between 5-6% in 2015: Moody's

NEW DELHI: Indian economy is expected to pick up pace in 2015 and grow in the range of 5 to 6 per cent, helped by strong domestic demand, rating agency Moody's said on Wednesday.

"India will have stronger GDP growth in 2015, which we forecast at 5-6 per cent, up from around 5 per cent in 2014," Moody's said in a report titled — 2015 Outlook-Global Credit Conditions.

The country, it said, has benefited from a strong domestic demand base and diversified export markets that give protection from the effects of a slowing Chinese economy and muted growth in the euro zone and Japan.