Inflation hits 4-month low, 7.5% growth forecast

Mumbai, May 12: India's consumer price inflation eased to a four-month low of 4.87 percent in April, while the annual industrial output growth slowed to 2.1 percent in March, Central government data showed on Tuesday. Meanwhile intertiol rating agency Moody's said on Tuesday India will grow at a strong pace of 7.5% in 2015-16, the highest among G20 economies, helped by the reforms drive and lower oil prices. At a time of shifting global investment flows, India benefits from reduced exterl imbalances, it said. "We expect a broadly balanced current account, for the first time in 10 years, thanks to lower energy import bill and restrictions in gold imports," Moody's said.