Categories: Economy

Moody’s Revises India’s GDP growth rate to 9.6%

Moody’s Investors Service has slashed India’s growth projection to 9.6 per cent for the 2021 calendar year, from its earlier estimate of 13.9 per cent. For the calendar year 2022, GDP growth is projected at 7 per cent.

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In its report titled ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe as last year’s, Moody’s said high-frequency economic indicators show that the second wave of COVID-19 infections hit India’s economy in April and May.

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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.

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