Moody’s Upgrades India’s 2023 GDP Growth Forecast to 6.7%: Moody's Investor Service, a global rating agency, has upgraded its economic growth prediction for India, presenting a positive outlook for 2023. The agency has increased its forecast for India’s Gross Domestic Product (GDP) growth to 6.7 ...

ICRA Forecasts India’s GDP Growth of 8.5% in Q1, 2023: ICRA Ratings recently released a comprehensive report projecting a robust economic growth for India in the first quarter of the fiscal year 2023 (FY24). According to the survey, the country's GDP growth rate is predicted to accelerate to 8.5% ...

IMF cuts India’s FY24 GDP forecast to 5.9%: The International Monetary Fund (IMF) has lowered India's GDP growth forecast for fiscal year 2023-24 by 20 basis points to 5.9 percent. This latest forecast is slightly below the Reserve Bank of India’s projection of 6.4 percent. Despite the downward ...

S&P keeps India’s economic growth forecast unchanged at 6% for FY24: S&P Global Ratings has maintained its earlier forecast for India's economic growth rate of 6% in the fiscal year beginning April 1, with an increase to 6.9% the following year. In its latest quarterly economic update for ...

Ind-Ra projects India's FY24 growth at 5.9% : Credit rating and research agency, India Ratings and Research (Ind-Ra) projected the growth of the Indian economy to 5.9% year on year during 2023-24.The GDP growth estimate of the agency is lower than the 6.4% real GDP growth projected by the RBI for ...

Gross GST collection in December goes up by 15%: Continuing with the trend of robust GST collection in the country, the gross GST revenue collected during December 2022 reached ₹1,49,507 crore, going up by 15% compared to December 2021. Gross GST collected in November 2022 was ₹145867 crore, which ...

YouTube creators contributes over Rs 10,000 cr to India’s GDP: In 2021, the creative ecosystem of YouTube, which is owned by Google, was expected to sustain more than 750,000 full-time equivalent employment in India and contribute more than Rs 10,000 crore to the GDP of the country, according to a ...

World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent: The World Bank has increased its projection of 6.5% growth made in October to 6.9% growth for the Indian economy in 2022–2023. In October, it had cut India’s GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. ...

CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%: CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously. The credit rating agency said this is primarily because ...

IMF cuts FY23 GDP growth forecast to 6.8% : As per the World Economic Outlook 2022 report, the International Monetary Fund (IMF) has cut the GDP growth forecast of India to 6.8% from 7.4% for 2022-23. October 2022 Current Affairs QuizThe IMF has also predicted that India will remain on track to ...