Categories: Economy

Moody’s Projects India’s GDP Forecast for FY22 to 9.3%

The rating agency Moody’s has cut the gross domestic product (GDP) forecast of India for FY22 (01 April 2021-31 March 2022) to 9.3 per cent. Earlier this rate was projected at 13.7 per cent.  The downward revision in GDP estimates is due to the second wave of Covid infections across the country, which have triggered localised lockdowns and mobility curbs.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More News on Economy Here

Sumit Arora

Recent Posts

Top-10 Beautiful Cities in the World 2024

As travelers seek inspiration for their next adventure, the world offers a plethora of stunning…

5 hours ago

Top-10 Tourist Places in Himachal Pradesh

Himachal Pradesh, nestled in the lap of the majestic Himalayas, is a paradise for nature…

7 hours ago

DRDO’s Supersonic Missile-Assisted Torpedo Delivery System Achieves Success

The Defence Research and Development Organisation (DRDO) has achieved a significant milestone in enhancing India's…

8 hours ago

Zimbabwe Introduces New Currency Amid Skepticism

Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an…

8 hours ago

Uttarakhand Suspends Licences of 14 Patanjali Ayurved Products

The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded…

8 hours ago

RBI Cancels Acemoney (India) NBFC License for Irregular Lending Practices

The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a…

8 hours ago