Moody’s Revises India GDP Forecast Says India Will Grow At Rate Of 5.5 Percent

Moody’s on India’s GDP Growth: Moody’s Investor Service has released its new estimates regarding the economy of G20 countries including India. Moody’s has increased the GDP growth forecast for the US, Europe and China in the year 2023. Along with this, the credit rating of India, Russia, Saudi Arabia, Mexico and Turkey has also been increased.

Said this on India’s GDP

Along with this, Moody’s has increased the estimate of India’s GDP growth (India GDP in 2023) in the year 2023 from 5 percent to 5.5 percent. At the same time, for the year 2024, Moody’s has estimated 6.5 percent of India’s GDP. According to Moody’s, the financial environment in many major emerging markets in the country such as India, Brazil, Mexico and Turkey is performing better than expected. On the other hand, talking about the GDP of G20 countries, according to Moody’s, in the year 2023, the world’s 20 largest economies will grow at a rate of 2 percent. At the same time, in the year 2024, it is estimated to increase to 2.7 percent. Whereas in the year 2022 it has been 2.3 percent.

Inflation will come down

On the other hand, Moody’s on World Inflation has said that due to the strict monetary policy being adopted by banks around the world, there may soon be a reduction in inflation, but this reduction is not likely to happen according to the central banks. Is. Talking about America, here the inflation rate was 7.1 percent in December, which came down to 6.4 percent in January 2023.

But this is much more than the Fed Reserve’s estimated figure of 2 percent. Significantly, the Fed Reserve is constantly making big efforts to reduce inflation in America. Fed’s interest rates have been increased several times in the last few months and it has reached the highest level of 15 years from 4.50 per cent to 4.75 per cent. Whereas till the year 2022 it was 0 percent.

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