Rating agency Moody’s says, India’s economic growth will rebound strongly; Pegs India’s GDP growth at 9.3 percent in 2022
Rating agency Moody’s has projected that the economic growth in India will rebound strongly. In its latest report, Moody’s Investors Service pegged the country’s GDP growth at 9.3 percent in 2022 financial year and 7.9 percent in 2023. It said steady progress in Covid vaccination will support a sustained recovery in India’s economic activity. Moody’s said consumer demand, spending, and manufacturing activity are recovering following the easing of pandemic restrictions. It also said improved vaccination coverage has led to stabilization in consumer confidence.