India's Growth Current Affairs, GK & News

OECD FY23 growth forecast for India

The Organisation for Economic Cooperation and Development (OECD) has reduced India’s growth to 6.9% growth in Financial Year 2023 from 8.1% estimated earlier. Key Facts Growth was also slashed to 6.2 percent in 2023. OECD further expects policy rate to increase to 5.3% by the end of 2022 and remain same in 2023. It is ..

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World Bank: India’s FY23 GDP forecast

On June 7, 2021, the World Bank reduced its real gross domestic product (GDP) growth forecast for year 2022-23 for India from 8 per cent to 7.5 per cent in the “Global Economic Prospects Report”. Key Findings of the report This forecast was reduced after considering the supply-chain pressure, inflationary pressures, and geopolitical tensions because of Russia’s invasion ..

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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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Moody’s: India’s growth projection at 9.6 per cent for 2021

Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its report called ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe ..

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