GROWTH STORY
   Date :26-Feb-2022

GROWTH STORY
 
 
 
 
INTERNATIONAL credit rating firm Moody’s Investors Services has raised India’s growth forecast to 9.5 per cent for the year 2022 suggesting a solid momentum in the economic recovery from the pandemic-induced devastation. Despite the drag on the economy due to current geopolitical situation and tensions, India is supposed to achieve a good growth rate which again underlines that the Centre’s booster doses to economy are set to pay long-term dividends. India’s recovery from the first lockdown in 2020 and subsequent setback during the second wave in 2021 has been stronger than expected by global agencies. The fact that Moody’s had to recalibrate its projections for India’s growth from 7 per cent to 9.5 per cent speaks volumes about the robustness of the current fiscal policies. Despite the world agencies and credit ratings companies seeing positivity in Indian economy, the blind-folded Opposition parties in India continue their tirade like a headless chicken. A former Finance Minister, caught for corrupt practices and jailed for fooling country’s economic system, casting doubts on India’s growth projection sums up the stupidity of the meaningless exercise taken up by the Opposition. It must be ignored by the country.