India GDP growth - Gkseries.com

Moody’s cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Moody’s Investors Service has cut its gross domestic product (GDP) growth forecast for India to 8.8% for calendar year 2022 (CY22) from its March estimate of 9.1%. Reason: Rising inflation and interest rates will temper the economic growth momentum. It projected inflation to be around 6.8% and 5.2% for 2022 and 2023, respectively. Earlier, the S&P Global Ratings had cut […]

Moody’s cuts CY22 India GDP growth forecast to 8.8% amid rising inflation Read More »

Fitch Ratings lowers India’s FY23 growth forecast to 8.5%

Fitch Ratings on Tuesday downgraded its growth forecast for India by 180 basis points to 8.5 per cent for 2022-23, citing sharply higher energy prices. The extent of the downward revision in growth forecast for India is second only to Germany among major economies. Earlier this rate was estimated at 10.3%. The Rating agency Fitch has revised upwards the GDP

Fitch Ratings lowers India’s FY23 growth forecast to 8.5% Read More »

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent.

Reserve Bank of India conducted the 6th and the last Monetary Policy Committee (MPC) meeting for 2021-22 between February 8-10, 2022. Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent. Read More »