Moody Slashes the Growth Estimate of India 2022 to 9.1%

Current Context: Recently, Moody’s slashed India’s growth estimate from 9.5% to 9.1%.

• While India is a good importer of crude oil and country is particularly vulnerable to high oil prices.
• Also, India is a surplus producer of grains, agricultural products, etc.
• It also forecasted the 2023 growth at 5.4%.

Question: 

Q.1 What is the growth estimate of India in 2023, According to Moody’s?
a. 7%
b. 5.4%
c. 9.1%
d. 9.5%