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
  • India actively participated in the 2nd Employment Working Group Meeting at Brasilia during the G20 summit.

    Read More....
  • Justice Ritu Raj Awasthi has been sworn in as a judicial member of the Lokpal.

    Read More....
  • The Government of India has granted permission to ADNOC (Abu Dhabi National Oil Company) to re-export crude oil from the Mangalore Strategic Petroleum Reserve.

    Read More....
  • The Competition Commission of India (CCI) has given approval for the acquisition of Lanco Amarkantak Power Ltd by Adani Power.

    Read More....
  • Saudi Arabia to participate in Miss Universe event in historic first.

    Read More....
  • The Army Commanders' Conference is scheduled to commence in Delhi on March 28th.

    Read More....
  • Haryana emerged as champions at the boxing Sub Junior National Championship.

    Read More....
  • ASI initiates excavation in Panna, Madhya Pradesh to unveil India's oldest temple.

    Read More....
  • NTPC has signed an agreement with a Japanese agency for a USD 200 million loan.

    Read More....
  • Indian Institute of Technology Guwahati (IIT Guwahati) transferred a vaccine technology to BioMed Pvt. Ltd, a vaccine manufacturing company.

    Read More....