Current Affairs - Economy - Discussion

Moody’s has revised India’s GDP growth forecast for FY25 to 7%, a decrease from the 8.2% growth observed in the previous fiscal year. This revision reflects a combination of global and domestic economic slowdowns, including weaker-than-expected performance in key sectors. Despite this forecast, India’s GDP per capita at purchasing power parity increased by 11% year-on-year, indicating a positive trend in the standard of living. The revision aligns with similar adjustments made by other organizations like FICCI and the Asian Development Bank.