Moody’s sharply raises India’s FY27 GDP forecast to 7 per cent

September 18, 2026 12:48 PM

Moody’s sharply raises India’s FY27 GDP forecast to 7 per cent

Moody's Ratings on Friday sharply raised India's GDP growth forecast for current fiscal to 7 per cent, from 6 per cent earlier, saying the economy has shown resilience to global shocks amid the Middle East conflict but flagged risks to inflation from elevated oil prices and El Nino impact. In a statement issued after a periodic review of India's 'Baa3' sovereign rating, Moody's said it expects debt reduction to remain gradual and debt affordability to stay weaker, reflecting India's high debt b...

Australia limits foreign students in migration crackdown

August 28, 2024 9:28 PM

Australia limits foreign students in migration crackdown

Australia said on Tuesday it would limit the enrolment number of new international students to 270,000 for 2025, as the government looks to rein in record migration that has contributed to a spike in home rental prices. The decision follows a raft of actions since last year to end COVID-era concessions for foreign students and workers in Australia that helped businesses recruit staff locally while strict border controls kept overseas workers out. "There's about 10% more international students ...