Question
Recently Moody’s cut India’s economic growth
forecast to 8.8% from ______ for FY22 ?Solution
Moody’s Investors Service slashed India’s economic growth projection to 8.8 per cent for 2022 from 9.1 percent earlier, citing high inflation. In its update to Global Macro Outlook 2022-23, Moody’s said high-frequency data suggest that the growth momentum from December quarter 2021 carried through into the first four months this year.
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