Moody’s Projects India’s GDP Forecast for FY22 to 9.3%
- The rating agency Moody’s has cut the gross domestic product (GDP) forecast of India for FY22 (01 April 2021-31 March 2022) to 9.3 percent. Earlier this rate was projected at 13.7 percent.
- The downward revision in GDP estimates is due to the second wave of Covid infections across the country, which have triggered localised lockdowns and mobility curbs.
Source: Business Standard
Points to Remember:
- What is the estimated GDP growth rate of India in FY22 as per Moody’s