Rating agency Moody’s has revised downwards the economic growth forecast of India by 40 basis points to 9.1 per cent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy. Earlier in February 2022, Moody’s estimated India’s GDP in CY2022 to 9.5 percent. Moody’s has projected India’s GDP growth forecast for the Calendar Year (CY) 2023 at 5.4 percent.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Moody’s, in a statement, said India is particularly vulnerable to high oil prices given that it is a large importer of crude oil. Because the country is a surplus producer of grain, agricultural exports will benefit in the short term from high prevailing prices.
Prime Minister Narendra Modi began a two-day visit to Assam ahead of the state assembly…
Digital payments have become an important part of everyday life in India. From shopping to…
Pi Day is celebrated every year on 14 March to honor the mathematical constant π…
Indian cinema has once again gained global recognition as Neeraj Ghaywan’s film Homebound has been…
The United States and South Korea have started their annual Freedom Shield joint military exercise.…
The Academy Awards, popularly known as the Oscars, are the most prestigious awards in the…