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2 mins read
Two entities upgraded for every downgrade in FY24, hospitality sector records 23 upgrades: ICRA
The fiscal year of FY24 continued the ‘upgrade momentum’ that was set into motion in FY22, said the…
3 mins read
India's GDP growth comes in at 6.3% in Q2: manufacturing, mining witness negative growth
India's economy grew by 6.3% in the second quarter of the current fiscal, official data release…
3 mins read
No end to downgrades in GDP estimates as economists remain divided on severity of slowdown
SBI Ecowrap has pegged India’s GDP growth rate for Q2 FY23 at 5.8%, much lower than the RBI’s e…
3 mins read
India's GDP growth forecast continues to see cuts
India’s GDP growth will slow down in the next calendar year of 2023, says a note released by …
2 mins read
RBI downgrades FY23 GDP growth projections to 6.8% - lower than World Bank and other global agencies
“A growth of 6.8% is considered very strong in the current context when the world economy is…
3 mins read
Indian Inc expects Budget FY24 to cushion economy from global risks; optimistic FY23 GDP growth will be above 6.5%: Deloitte survey
The Deloitte pre-Budget survey found that Indian business leaders are confident that the economy wi…
4 mins read
Rating agencies revise GDP growth estimates yet again, most now peg it below 7%
The GDP growth rate for the April-June quarter which came in at 13.5%, fell short of expectations. …
3 mins read
ADB trims economic growth forecast for developing Asia; retains India FY23 GDP growth at 7%
The Asian Development Bank (ADB) has lowered its economic growth forecasts for the developing Asia …
ANI
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IMF downgrades 2023 global growth forecast to 2.7%
The International Monetary Fund (IMF) has projected the global economy to grow by 3.2 per cent in 2…
2 mins read
Upgrade post demonetisation, downgrade post tax cuts— Moody's mood swings expose the economist’s inertia
Exactly one year after demonetisation, global credit rating agency Moody’s upgraded India with a ri…
4 mins read
Moody's downgrades India's rating first time in over 2 decades, says GDP to shrink by 4% in FY21
Accordingly, India's foreign-currency and local-currency long-term issuer ratings have been do…
PTI
2 mins read
Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for…
PTI
2 mins read
Moody's says India's tax cuts, realty rescue, and bailouts are not enough to beat the slowdown
A day after the short-lived euphoria caused by the Indian government’s ₹25,000 crore bailout pack…
2 mins read
India’s GDP growth forecast just got downgraded by Moody’s. Here’s why that matters
And this is exactly what happened. Moody’s downgrade for India comes largely on the back…
2 mins read
Moody's rating downgrade not surprising: SBI report
"...India has not been alone to witness rating downgrade. So far around 21 emerging and developing …