Moody’s ups India’s growth projection for 2023 to 5.5% on higher capex.

Moody’s Investor Service on Wednesday conveyed that they have revised the economic growth estimate of India for 2023 to 5.5 percent.

The rating agency has revised downward its growth estimate for 2022 to 6.8 percent.

Moody is expecting that eventual ease of monetary policy tightening in the US will help stabilize.