Moody's expects that India's economy would rebound with 5.5% GDP growth in 2023

Current Context: Moody’s Investor Service has raised India’s economic growth forecast to 5.5% in 2023 from 4.8% pegged earlier, due to higher capital expenditure proposed in the Budget and a sustained economic momentum.

• It has, however, revised downwards India’s growth estimate for 2022 to 6.8% from 7% pegged earlier.
• India’s growth rate in 2023 is the highest among G20 countries, according to Moody’s projection.

Question:

Q.1 What is the name of the global rating agency that raised India’s GDP growth projection for 2023?
a. Standard & Poor’s
b. Fitch Ratings
c. Moody’s Investor Service
d. DBRS Morningstar