Moody's ups India's GDP growth projection for 2023 to 5.5%

Moody's ups India's GDP growth projection for 2023 to 5.5%

Daily Current Affairs   /   Moody's ups India's GDP growth projection for 2023 to 5.5%

Change Language English Hindi

Category : Business and economics Published on: March 03 2023

Share on facebook
  • Moody's Investors Service has raised India's economic growth estimate for 2023 to 5.5 percent from 4.8 percent pegged earlier.
  • India’s growth rate in 2023 is the highest among G20 countries, according to Moody’s projection. It’s followed by China with 5 percent growth and Indonesia with 4.8 percent. The US is expected to grow by 0.9 percent, the Euro area by 0.5 percent, Japan by 1.5 percent, and the UK by -0.4 percent.
  • According to government data released on Tuesday, India’s GDP growth declined to 4.4 percent in the December 2022 quarter as against 6.3 percent growth in the September 202 quarter.
  • Moody's now expects India's real GDP growth to be 5.5% in 2023, up from the earlier projection of 5%, and to be 6.5% in 2024.
Recent Post's
  • World Environment Day 2025 to focus on ending plastic pollution; South Korea to host global celebrations.

    Read More....
  • Geneva to host second session of global plastic pollution treaty talks from August 5 to 14, 2025.

    Read More....
  • RCB wins IPL title for the first time, ending Virat Kohli's 18-year-long wait.

    Read More....
  • June observed as Men's Health Month to raise awareness about men's well-being.

    Read More....
  • Karol Nawrocki wins Polish presidential election with 50.9% votes, defeating pro-EU candidate.

    Read More....
  • India to need 1 million AI professionals by 2026; AI education and tech sector on the rise.

    Read More....
  • PSG wins Champions League for the first time with record 5–0 win over Inter Milan.

    Read More....
  • IIT Delhi and AIIMS sign MoU to set up AI research centre in healthcare.

    Read More....
  • India elected to UN Economic and Social Council for 2026–2028 term.

    Read More....
  • Two Rajasthan wetlands added to Ramsar list, taking India’s total to 91 sites.

    Read More....