Rating agency ICRA (Investment and Credit Rating Agency of India Limited) predicted that the Indian economy will grow 12–13% in the first quarter (Q1) of the new fiscal year, i.e. FY23. ICRA gave this rating citing the second-highest reading of the business activity index in 13 months in April. However, ICRA has kept its annual GDP prediction at 7.2% for this fiscal year, citing concerns over inflation and the ensuing tightening of RBI policy.
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ICRA Limited (ICRA) is a credit rating and independent investment information company based in India. Initially known as Investment Information and Credit Rating Agency of India Limited, the business was founded in 1991. (IICRA India). Moody’s and several Indian commercial banks and financial services providers collaborated on it. On April 13, 2007, the business went public and changed its name to ICRA Limited. It listed on the Bombay Stock Exchange and the National Stock Exchange. Moody’s Corporation holds a 51.86% majority share as of the end of December 2020.
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