Categories: Economy

Moody’s revised India’s growth estimates to 9.5% in CY2022

Moody’s has revised India’s economic growth estimates in the Current Year 2022 upwards to 9.5 per cent from 7 per cent on stronger than expected recovery after a lockdown in 2020 and Covid-19’s Delta wave in 2021. It maintained a forecast for 5.5 per cent growth in CY2023. In its update on Global Macro Outlook 2022-23 today, Moody’s said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum. However, high oil prices and supply distortions remain a drag on growth for India.

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

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

PV Sindhu Biography- Age, Marriage, Career, Records and Net Worth

PV Sindhu is one of India's most celebrated badminton players, known for her exceptional skills,…

26 mins ago

Top-10 Most Expensive Woods in the World, Check the List

Wood is a natural material used in furniture, tools and decoration. It comes from trees…

38 mins ago

India’s First Bio-Bitumen Stretch Inaugurated by Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, inaugurated India's first bio-bitumen-based National Highway…

51 mins ago

In Which District of Uttar Pradesh is the Tomb of Bahu Begum Located?

The Tomb of Bahu Begum is a historical monument located in Uttar Pradesh. It was…

2 hours ago

List of International Recognition Awards to PM Modi

Prime Minister Narendra Modi has earned numerous international awards over the years, reflecting his diplomatic…

2 hours ago

Third Fastest List-A Century Anmolpreet’s Record Breaking Knock

Punjab's top order batter, Anmolpreet Singh, scripted a history by scoring a third fastest List…

2 hours ago