Moody's cuts India's growth forecast for the current year to 9.1 percent from 9.5 percent

Moody's cuts India's growth forecast for the current year to 9.1 percent from 9.5 percent

Daily Current Affairs   /   Moody's cuts India's growth forecast for the current year to 9.1 percent from 9.5 percent

Change Language English Hindi

Category : Business and economics Published on: March 19 2022

Share on facebook
  • Moody’s slashed India’s growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government’s capital expenditure.
  • The global rating firm, which had raised India's GDP growth number for 2022 from 7% to 9.5% less than a month ago.
  • India was particularly vulnerable to high oil prices as it was a large importer of crude oil, although as a surplus grain producer, its agricultural exports could gain in the short term from the global high prices
Recent Post's

  • Utkal Divas, also known as Odisha Foundation Day, is being celebrated on April 1, 2026, marking the formation of Odisha as India’s first linguistic state in 1936.

    Read More....

  • Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill 2026 on March 30, aiming to speed up resolutions, introduce mandatory 14-day admission, and strengthen creditor rights.

    Read More....

  • Dr. Thomas Pucadyil, renowned cell biologist and Shanti Swarup Bhatnagar Prize winner, has been appointed as the new Director of BRIC-NCCS, Pune.

    Read More....

  • Former Suriname President Chandrikapersad Santokhi, from an Indo-Surinamese Hindu family, passed away on March 30, 2026, at the age of 67.

    Read More....

  • The 9th edition of India Pharma 2026 will be held on April 13-14, 2026, in New Delhi with the theme “Discover in India: Leapfrogging Life-Sciences Innovation”.

    Read More....

  • Senior IAS officer Ashwini Bhide, popularly known as the “Metro Woman”, has become the first woman Commissioner of Brihanmumbai Municipal Corporation (BMC).

    Read More....

  • COP15 to the Convention on Migratory Species (CMS) has added 40 new species to its protected appendices to enhance global conservation efforts.

    Read More....

  • Andhra Pradesh will launch India’s first quantum computer on April 14, 2026, in Amaravati as part of developing Amaravati Quantum Valley.

    Read More....

  • Prime Minister Narendra Modi inaugurated the Kaynes Semicon semiconductor plant at Sanand, Gujarat on March 31, 2026, advancing India’s semiconductor self-reliance.

    Read More....

  • The Indian Navy received ‘Malwan’, the second indigenously built Anti-Submarine Warfare Shallow Water Craft, from Cochin Shipyard on March 31, 2026.

    Read More....