ECONOMY RELATED NEWS

 NHAI Toll Income will Treble to

140L Crore by 24 End: Gadkari

 Delhi: The National Highways Authority of India's toll income will more than triple by the end of 2024 to Over 1.40 lakh crore annually, transport minister Nitin Gadkari said Tuesday. From the US, a lot of investors are investing in NHAI,Our rating is AAA, and toll in-Come is  40,000 crore per year. By the end of 2024, it will be 1.40 lakh crore.Gadkari said per year,"at the India Ideas Summit organised by the minister highlighted by the US India Business Council.

Transport Minister Says india investment destination high returns that will yield high returns.

The minister highlighted investment. The various investment models available in road infrastructure, including the build operate transfer, hybrid annuity and infrastructure investment trust models

Pitching India as an investment destination that will yield return, Gadkari said: " The way in which India is the fastest growing economy, I feel it is a golden opportunity for investment. The returns are good for tech and knowledge."

MOODY'S REAFFIRMS INDIA'S RATING SAYS, OUTLOOK 'STABLE'

New Delhi: Moody's Investors

Service on Tuesday reaffirmed India's Baa3 sovereign rating with a stable outlook, reasoning that the rising global economic chal-lenges will not derail India's ongoing recovery from the pandemic.

India's very large domestic market has provided strong demand-driven growth, helping to shelter the economy from fluctuations in external demand, the rating agency said, flag-ging climate change as a big risk."The credit profile of India reflects key strengths including its large and diversified economy with high growth potential, a relatively strong external position, and a stab-le domestic financing base for government debt," Moody's said in a statement on Tuesday.

The stable outlook reflects the view that the risks from negative feed-back between the economy and financial system are receding, it said Banks and nonbank financial institutions (NBFIs) pose much less high debt burden and weak debt ar

risk to the sovereign than previously anticipated, helped by higher capital buffers and greater liquidity, Moody's said. The financial system is supporting economic recovery.

Last week, the ratings agency slashed India's GDP growth fore-cast to 7.7% for 2022 from 8.8% pro-jected in May when it had cut the estimate from 9.1 percent.

We do not expect rising challenges

 to the gloBal economy, including the impact of russian- ukraine military conflict higher inflation and  tightening the financial

Conditions on the back of Policy tightening, to derail India's ongoing recovery from the pandemic in 2022 and 2023," Moody said.

Principal credit challenges, according to Moody's including low per capita income, high general government debt, low debt affordability, and limited government effectiveness. It expect india's fiscal situation to improve over the next few years." While risk stemming from a high debate burden and weak debate affordability remains, we expect that the economic environment will allow for a gradual narrowing in the general government fiscal deficit over the next few years, avoiding further deterioration in the sovereign credit profile." Moody's said.

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