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

Published on May 08, 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.
Moody's expects that India's economy would rebound with 5.5% GDP growth in 2023
  • 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
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