NEWS
- 25 March | The Honest UPSC Talk Nobody Tells You Click Here to see Abhijit Asokan AIR 234 talk →
- 10 March | SFG Folks! This dude got Rank 7 in CSE 2025 with SFG! →
- 10 March | SFG Folks! She failed prelims 3 times. Then cleared the exam in one go! Watch Now! →
Moody’s cuts India’s 2018 growth forecast to 7.3% from 7.5%
News:
- Moody’s Investor Service has lowered India’s GDP forecast of 7.5% by 2018 to 7.3%.
Important facts:
- Other observations made by Moody’s Investor Service are:
- Indian economy is recovering in cyclical nature.
- Recovery of private investment cycle depends on recovery of twin balance sheet issue.
- G-20 countries will grow 3.3% in 2018 and 3.2% in 2019.
- Advanced economies will grow at a moderate 2.3% in 2018 and 2% in 2019.
- G-20 emerging markets will remain the growth drivers, at 5.2% in both 2018 and 2019, down from 5.3% in 2017.
- The GDP growth should be benefited from increase of rural consumption, higher minimum support price and a normal monsoon.
- Risk factor to GDP growth:
- Higher oil prices,
- Tighter financial conditions,
- Transition to Good and Service tax regime, and
- Trade conflict between India and China.
