{"id":155663,"date":"2023-08-21T12:48:14","date_gmt":"2023-08-21T07:18:14","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=155663"},"modified":"2023-08-21T12:48:16","modified_gmt":"2023-08-21T07:18:16","slug":"moodys-retains-indias-rating-at-baa3","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/moodys-retains-indias-rating-at-baa3\/","title":{"rendered":"Moody’s retains India’s rating at Baa3."},"content":{"rendered":"\n

Moody’s retains India’s rating at Baa3.: <\/strong>Rating agency Moody’s has affirmed the Baa3 rating on India and has maintained a ‘stable’ outlook on the Indian economy.<\/p>\n\n\n\n

On August 18, Moody’s said in a statement, India’s long-term local and foreign-currency issued ratings and local-currency senior unsecured ratings remain at Baa3, while other short-term local-currency ratings are at P-3. India’s economy has the potential to grow rapidly by international standards, although potential growth has moderated over the last 7-10 years.<\/p>\n\n\n\n

Daily Current Affairs Quiz: August 2023<\/a><\/p>\n\n\n\n

According to the Reserve Bank of India (RBI), the Indian economy is expected to grow at a rate of 6.5% in the financial year 2023-24. According to official data shared by the National Statistical Office, India’s gross domestic product or GDP grew by 6.1% in the fourth quarter of the financial year 2022-23, as against a growth of 4.4% in the previous October-December quarter.<\/p>\n\n\n\n

In the fiscal year 2022-23, the economy grew at 7.2%, higher than the central bank’s estimate of 7%. However, the pace of growth was slower than the 9.1% recorded in FY2012. Moody’s said the country’s financial sector continues to strengthen, with economic and contingent liability risks significantly reduced, which had previously been a downgrade pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"

Moody’s retains India’s rating at Baa3.: Rating agency Moody’s has affirmed the Baa3 rating on India and has maintained a ‘stable’ outlook on the Indian economy. On August 18, Moody’s said in a statement, India’s long-term local and foreign-currency issued ratings and local-currency senior unsecured ratings remain at Baa3, while other short-term local-currency ratings are […]<\/p>\n","protected":false},"author":894,"featured_media":155664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5142],"tags":[82,730],"class_list":["post-155663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-august-2023","tag-economy-current-affairs","tag-indian-economy"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/155663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=155663"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/155663\/revisions"}],"predecessor-version":[{"id":155665,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/155663\/revisions\/155665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/155664"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=155663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=155663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=155663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}