Categories: Economy

Moody’s Projects India’s GDP growth forecast in FY22 at 9.3%

Moody’s Investors Service in its latest report has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. India recently hit record Covid-19 vaccination rates. Moody’s notes that the vaccination drive in India has gathered pace after the second wave.

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

Around 30% of the population of India is now fully vaccinated with two doses while around 55% of the population has received at least one dose. Improved vaccination coverage has led to stabilisation in consumer confidence.

Find More News on Economy Here

Sumit Arora

Recent Posts

Top-10 Tea Consumers in the World 2024

Tea, with its myriad flavors and cultural significance, remains one of the most beloved beverages…

12 hours ago

Ukraine Unveils AI-Powered Digital Spokesperson for Foreign Ministry

In a groundbreaking move that combines cutting-edge technology with diplomacy, Ukraine has unveiled an AI-generated…

13 hours ago

ICC Women’s T20 World Cup 2024: Bangladesh Gears Up for Cricketing Extravaganza

The International Cricket Council (ICC) has unveiled the fixtures for the highly anticipated ninth ICC…

13 hours ago

Top-10 Milk Producing States in India 2024

India has been the leading producer of milk in the world for several years now,…

14 hours ago

Which State of United States is Known as “The Last Frontier”?

When it comes to the vast and rugged landscapes of America, few states encapsulate the…

14 hours ago

India-Nigeria Local Currency Settlement System Agreement

India and Nigeria have agreed to finalize the Local Currency Settlement System Agreement to enhance…

14 hours ago