Moody’s Projects Indian Economy to grow 9.3% in FY22

Moody’s Projects Indian Economy to grow 9.3% in FY22

• Moody’s Investors Service has projected the GDP growth rate of Indian economy as follows:
  • 2021-22 (FY22) – 9.3%
  • 2022-23 (FY23) – 7.9%
• In terms of Sovereign ratings, Moody’s has estimated a ‘Baa3’ rating on India with a negative outlook.

Source: Financial Express

Points to Remember:

1. GDP growth rate of India in FY22 as per Moody’s? 9.3%
2. GDP growth rate of India in FY23 as per Moody’s? 7.9%
3. Sovereign Rating of India in FY22 as per Moody’s? Baa3 (Negative Outlook)