Moody’s lowers India’s GDP forecast for CY22 to 9.1% amid Russia-Ukraine conflict
- Rating agency Moody’s has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent 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.
Points to Remember:
- GDP Growth forecast of India in CY 2022 and CY 2023 as per Moody’s latest estimate?
Source: Business Standard