• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 23, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

Moody’s revises India’s FY22 GDP forecast to 9.3%

The Edge Media by The Edge Media
4 years ago
in Business Edge, Main Story
Reading Time: 1 min read
0
Moody’s revises India’s FY22 GDP forecast to 9.3%
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

Moody’s has revised its forecast for India’s economic growth in the current financial year downwards to 9.3 per cent from an earlier projection of 13.7 per cent. The rating agency has also denied any chances of a sovereign upgrade in near future.

With this, Moody’s has joined several analysts who revised their GDP forecasts for India in the face of a second wave of COVID-19 infections in the country. India has been facing over 4 lakh new COVID-19 cases daily for the past few days on account of more infectious variants of the coronavirus. Several states have imposed lockdowns or other strict restrictions to keep the recent surge in COVID-19 cases under control.

Revising its projections for India’s GDP growth, Moody’s said that the second wave of COVID-19 is expected to be less disruptive than the first wave.

Moody’s said the ecoonmic impact of recent surge in COVID-19 cases is expected to be limited to the April to June quarter, followed by a strong rebound in the second half of the year. However, the slower pace of growth will drag down near-term economic recovery and affect long-term growth dynamics. As a result, the agency revised its projection for the government fiscal deficit to 11.8 per cent of GDP in FY22, from an earlier projection of 10.9 per cent. Moody’s further expects general government debt burden to rise to 90 per cent of GDP in the current fiscal, which will rise to 92 per cent in FY23.

Previous Post

A glimmer of hope!

Next Post

Covid-19: PM Modi will not travel to UK for G7 summit

Related News

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

by The Edge Media
October 19, 2025
0

New Delhi | India’s latest GST reforms, implemented on September 22, have significantly impacted consumer spending, with festive sales soaring...

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

by The Edge Media
October 19, 2025
0

Pakistan's Federal Minister for Information, Ata Tarar, has strongly criticized the International Cricket Council (ICC) for its statement regarding the...

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

by The Edge Media
October 18, 2025
0

Australia | As India gears up for their three-match ODI series against Australia starting October 19, host skipper Mitchell Marsh...

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

by The Edge Media
October 18, 2025
0

Faridabad | A young man tragically died in pain early Friday morning in a public park located in Sihi village, Faridabad....

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

by The Edge Media
October 18, 2025
0

Palwal | An illegal firecracker manufacturing unit was uncovered by the police in Manpur village under the jurisdiction of the Mundakati...

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

Indian Army Medic Saves Choking Infant on Train with Life-Saving CPR

by The Edge Media
October 18, 2025
0

An Indian Army ambulance assistant, Sepoy Sunil, performed a heroic act aboard the New Delhi-Dibrugarh Rajdhani Express by reviving an...

Discussion about this post

Recommended

Two individuals have admitted to instigating violence in Bangladesh via a Facebook post

Two individuals have admitted to instigating violence in Bangladesh via a Facebook post

4 years ago

Greece calls for a common EU response to the crisis

4 years ago

Popular News

  • GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    GST Reforms Spark Record Festive Sales, 10X Rise in Digital Payments

    0 shares
    Share 0 Tweet 0
  • Pakistan Slams ICC for “Biased” Statement on Afghan Cricketers’ Deaths

    0 shares
    Share 0 Tweet 0
  • Mitchell Marsh Hopes Kohli and Rohit Don’t Dominate Too Much in Australia ODIs

    0 shares
    Share 0 Tweet 0
  • Young Man Dies in Agony at Park in Faridabad, Injury Marks Found on Body

    0 shares
    Share 0 Tweet 0
  • Illegal Firecracker Factory Busted in Palwal, Explosives and Huge Stock Seized

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.