Moody’s cuts India’s 2022 GDP growth forecast to 7 percent, sees 2023 growth at 4.8 percent

Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth.

Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected.