GDP Growth Rate Current Affairs, GK & News

Moody’s upgrades outlook on India’s sovereign rating to Stable

Rating agency Moody’s Investors Service upgraded the sovereign rating outlook of India to stable from negative. Highlights This rating was upgraded citing reduced risks from COVID-19 as well as negative feedback between real economy & financial system. Moddy’s has retained India’s rating at Baa3. It reflects the lowest investment grade rating. Moody’s further expects that ..

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ICRA revises FY22 GDP Growth Forecast to 9%

Ratings agency ICRA has revised its real GDP growth forecast for India on September 27, 2021 for Financial Year 2022 (FY22). Its GDP forecast has changed from 8.5% to 9 per cent. Highlights ICRA credited the upward revision in the GDP to the brightening prospects for second quarter of FY22 which is expected to benefit ..

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UNCTAD: Indian economy to expand by 7.2% in 2021

The United Nations Conference on Trade and Development (UNCTAD) has released its Trade and Development report on September 15, 2021. Key findings of the report According to the report, India’s economic growth rate will increased to a four-year high of 7.2 per cent in 2021 as compared to a contraction of 7 per cent in ..

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NCAER director: India to grow by 10% during current fiscal

As per director of economic think-tank NCAER, Poonam Gupta, the Indian economy is expected to grow by 10 per cent during the financial year 2021-22. Key Points This growth will pick up because of fewer COVID-19-linked supply disruptions, increased demand of contact-intensive disruptions & traditional services and buoyancy in the global economy. However, the real ..

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S&P Cuts India’s Growth Forecast to 9.5%

Global rating agency, S&P, has cut India’s growth forecast for fiscal year 2021-2022 to 9.5 per cent. Earlier, it was kept at 11 per cent. Highlights Rating agency has warned of risk to the growth rate from upcoming waves of COVID-19 pandemic. S&P lowered growth projecting because lockdown, induced as a result of severe second ..

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