CEA Subramanian Says Moody's Needs to Take into Account India's Reforms While Estimating Growth Rate
3 years, 2 months ago

CEA Subramanian Says Moody's Needs to Take into Account India's Reforms While Estimating Growth Rate

News 18  

Krishnamurthy Subramanian, Chief Economic Adviser at the Union Finance Ministry, on Tuesday said international ratings agency Moody’s projection of 6 per cent growth rate in India is an “underestimate” as the country has been “fiscally very prudent”. Assuaged concerns about future NPA’s from retail and MSME’s.” “Moody’s projection of 6 per cent growth rate is an underestimate. In a statement on Tuesday, Moody’s said “the decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding.” Looking ahead, Moody’s expects real GDP growth to average around 6 per cent over the medium term, reflecting a rebound in activity as conditions normalise. “Looking ahead, Moody’s expects the debt burden to stabilise at around 91 per cent over the medium term, as strong nominal GDP growth is balanced by a gradually shrinking, but still sizeable, primary deficit.

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History of this topic

Moody’s pegs GDP at 7.2 per cent in 2024
1 month, 1 week ago

Moody’s pegs GDP at 7.2 per cent in 2024

New Indian Express  

CHENNAI: Despite many beginning to re-relook at their growth forecasts— unlike the Reserve Bank which has been sticking its neck out with the 7.2% growth this fiscal, global rating agency Moody’s has upped its calendar year 2024 GDP outlook to 7.2%, saying “the Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation.” The …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

India in economic sweet spot amid global headwinds: Moody’s
1 month, 1 week ago

India in economic sweet spot amid global headwinds: Moody’s

Live Mint  

New Delhi: India’s economy is in a sweet spot, growing at 7.2% in 2024 with inflation moderating despite a temporary spurt, Moody’s Investors Service India Pvt. According to Moody’s global macro outlook for 2025-26, India’s economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle. Despite …

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating
3 months, 3 weeks ago

Moody's Raises India's GDP Growth Forecast to 7.2% Vs 6.8% Earlier, Fitch Affirms Rating

News 18  

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday. “These forecast changes assume strong broad-based growth and we recognize potentially higher forecasts if the cyclical momentum, especially for private consumption, gains more traction,” Moody’s said. “Nevertheless, 6%-7% growth …

India Ratings jacks up growth forecast to 7.5% this fiscal
4 months, 3 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
5 months, 3 weeks ago

India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P

The Hindu  

A sovereign rating upgrade for India in the next 24 months is possible if the central government is able to prudently manage its finances and bring down fiscal deficit to 4% of GDP, an S&P Global Ratings official said on July 3. S&P Global Ratings Director, Sovereign Ratings, YeeFarn Phua, said the trigger for upgrade would be general government deficit …

Coalition crutches could cramp reform chase, say Moody’s, Fitch
6 months, 2 weeks ago

Coalition crutches could cramp reform chase, say Moody’s, Fitch

The Hindu  

With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …

PM Modi's smaller mandate to slow India's fiscal tightening, Moody's says
6 months, 2 weeks ago

PM Modi's smaller mandate to slow India's fiscal tightening, Moody's says

Hindustan Times  

The narrower margin of victory for Prime Minister Narendra Modi's alliance in elections will forestall reforms that could have potentially facilitated aggressive fiscal consolidation, an analyst at Moody's Ratings said on Wednesday. S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' last week saying the country's robust economic expansion was having a constructive impact on its credit …

India's Corporates Face High Capital Needs: Moody's
6 months, 3 weeks ago

India's Corporates Face High Capital Needs: Moody's

Deccan Chronicle  

New Delhi: Global ratings agency Moody’s Ratings on Thursday said capital requirements will remain high for Indian corporates as they go in for capacity expansion and inorganic growth spending. The ratings agency further said that capacity expansion, inorganic growth spending, refinancing and working capital needs, along with shareholder payments, would keep capital requirements high for non-financial corporates in India. “Capital …

India's GDP to grow 6.1% in 2024: Moody's Analytics
8 months, 1 week ago

India's GDP to grow 6.1% in 2024: Moody's Analytics

The Hindu  

Moody's Analytics on April 12 projected India's economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. We expect India’s GDP to grow 6.1% in 2024 after 7.7% last year," Moody's Analytics said. Moody's Analytics said looking at the GDP relative to its trajectory prior to the pandemic shows that India and Southeast Asia have seen some …

Moody's maintains stable outlook for India
8 months, 1 week ago

Moody's maintains stable outlook for India

Hindustan Times  

Rating agency Moody's maintained outlook for the government of India to be stable. Maintaining stable outlook, Moody's noted India balances its large and diversified economy with high growth potential, a relatively sound external position, and a stable domestic financing base for government debt against high general government debt, weak debt affordability and low per capita income. Following a series of …

Moody’s ups India growth forecast to 8% for FY24
9 months, 2 weeks ago

Moody’s ups India growth forecast to 8% for FY24

New Indian Express  

NEW DELHI: Rating agency Moody’s on Thursday raised India’s GDP growth forecast for FY24 to about 8% from 6.6% on the back of strong domestic consumption and capital expenditure. “We expect India to be the fastest-growing economy among major G20 countries, with its real GDP growth to accelerate to around 8% in the fiscal year ending March 2024 from 7.0% …

Moody's raises India's 2024 growth forecast to 6.8%
9 months, 2 weeks ago

Moody's raises India's 2024 growth forecast to 6.8%

The Hindu  

Global rating agency Moody's on March 4 raised India's growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. “Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023,” Moody’s Investors Service said. India is …

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level
1 year, 4 months ago

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level

The Hindu  

Moody's on August 18 affirmed India's sovereign rating at 'Baa3' with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. "Moody's Investors Service has today affirmed the Government of India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating atBaa3. All three global rating …

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy
1 year, 4 months ago

Moody’s affirms India’s Baa3 rating, maintains ‘stable’ outlook on economy

Live Mint  

Ratings agency Moody's has affirmed BAA3 rating on India and maintained a 'stable' outlook on the Indian economy. India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating remains at Baa3, while the other short-term local-currency rating stands at P-3, said Moody's in a statement on August 18. The Indian economy is likely to grow at 6.5 …

India’s GDP expanding 6-6.3% in Q1: Moody’s
1 year, 6 months ago

India’s GDP expanding 6-6.3% in Q1: Moody’s

Live Mint  

The Indian economy is expected to clock a 6-6.3% growth in the June quarter, Moody's on Sunday. In an interview with news agency PTI, Moody's Investors Service Associate Managing Director Gene Fang said India has a relatively high level of general government debt at around 81.8% of GDP for 2022-23, and low debt affordability. "We expect India's growth to come …

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%
1 year, 7 months ago

Fitch pares India’s GDP growth forecast for this year to 6% from 6.2%

The Hindu  

Fitch Ratings has lowered its 2023-24 GDP growth forecast for India to 6% from 6.2%, citing headwinds from elevated inflation and interest rates along with subdued global demand, with the economy expected to rebound to 6.7% in 2024-25 as opposed to 6.9% projected earlier. While India will be one of the fastest-growing sovereigns rated by Fitch, bolstered by “resilient investment …

India said to bat for sovereign rating upgrade in review with global agencies
1 year, 9 months ago

India said to bat for sovereign rating upgrade in review with global agencies

The Hindu  

India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country's Finance Ministry met representatives from the top three rating agencies – Fitch Ratings, Moody’s Investors Service and S&P Global Ratings – …

Slowdown In India's GDP Growth Late Last Year Temporary: Moody's
1 year, 9 months ago

Slowdown In India's GDP Growth Late Last Year Temporary: Moody's

ABP News  

Global credit rating agency Moody's Analytics on Tuesday said that the slowdown in India's economy late last year will be temporary and even salutary, reported news agency PTI. In its report on emerging market outlook, Moody's Analytics said growth slowed substantially on a year-ago basis, with private consumption lagging overall GDP for the first time since the Delta wave of …

Slowdown in GDP growth late last year temporary: Moody's Analytics
1 year, 9 months ago

Slowdown in GDP growth late last year temporary: Moody's Analytics

The Hindu  

March 07, 2023 05:44 pm | Updated 08:49 pm IST - New Delhi Moody’s Analytics on March 7, said India’s domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India’s gross domestic product growth slowed to a three …

Moody’s ups GDP estimate to 5.5%
1 year, 9 months ago

Moody’s ups GDP estimate to 5.5%

Live Mint  

New Delhi: Moody’s Investors Service revised upwards India’s GDP growth projections to 5.5% in 2023 from its earlier projection of 5%, owing primarily to the sharp increase in capital expenditure budget allocation for FY24 and ongoing economic resilience. “In the case of India, the upward revisions additionally incorporate the sharp increase in capital expenditure budget allocation to ₹10 trillion for …

Moody’s cuts India’s growth forecast to 6.8%
1 year, 9 months ago

Moody’s cuts India’s growth forecast to 6.8%

The Hindu  

Global rating major Moody’s Investors Service has scaled down its GDP growth forecast for India’s economy to 6.8% for 2022-23, from an earlier projection of 7%. India is among several G20 economies, including the U.S., China, Russia and the Euro area, whose 2023 growth projections were raised by Moody’s in an update to its global macroeconomic outlook on late February …

Moody's cuts India's economic growth projections to 7% for 2022
2 years, 1 month ago

Moody's cuts India's economic growth projections to 7% for 2022

India TV News  

Moody's on Friday slashed India's GDP growth projections for 2022 to 7 per cent from 7.7 per cent earlier as the global slowdown and rising domestic interest rates will dampen economic momentum. "For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and …

Moody’s pares India growth hopes to 7%
2 years, 1 month ago

Moody’s pares India growth hopes to 7%

The Hindu  

Citing the weakening Rupee and high oil prices, global rating firm Moody’s Investors Service on Friday, November 11, 2022, scaled down India’s 2022-23 growth projection from to 7% from an earlier estimate of 7.7% and warned that the economy’s growth will decelerate further to just 4.8% in 2023-24. India, Brazil to be ‘less vulnerable’ However, growth outcomes of the G-20 …

S&P Global retains India’s 2022-23 growth hopes at 7.3%
2 years, 2 months ago

S&P Global retains India’s 2022-23 growth hopes at 7.3%

The Hindu  

S&P Global Ratings has retained its 2022-23 growth projection for India’s economy at 7.3%, citing a smaller impact from the global slowdown on its domestically-driven economy. India’s retail inflation is expected to stay above the 6% mark till the end of 2022, as wheat and rice prices are rising, core inflation has been ‘sticky’ and food inflation may rise again, …

Moody's slashes India's economic growth forecast to 7.7% for 2022
2 years, 3 months ago

Moody's slashes India's economic growth forecast to 7.7% for 2022

The Hindu  

Moody's Investors Service on September 1 slashed India's economic growth projection for 2022 to 7.7%, saying that rising interest rates, uneven monsoon and slowing global growth will dampen economic momentum on a sequential basis. In its update to Global Macro Outlook 2022-23, Moody's said India's Central bank is likely to remain hawkish this year and maintain a reasonably tight policy …

Moody’s cuts India’s 2022 GDP growth forecast
2 years, 3 months ago

Moody’s cuts India’s 2022 GDP growth forecast

Live Mint  

Moody's Investors Service expects India's GDP growth to slow from 8.3% in 2021 to 7.7% in 2022 and to decelerate further to 5.2% in 2023. Data released on Wednesday showed that Indian economy expanded 13.5% year-on-year in the April-June quarter, the fastest pace in a year, but economists said growth is likely to lose momentum in coming quarters as higher …

Moody's slashes India's economic growth forecast to 7.7% for 2022
2 years, 3 months ago

Moody's slashes India's economic growth forecast to 7.7% for 2022

India TV News  

Highlights Moody's Investors Service today slashed India's economic growth projection for 2022 to 7.7% It cites dampening of economic momentum in coming quarters on rising interest rates, uneven monsoon This is sharp 1.1% points cut from growth projection of 8.8% for current year made in May by Moody's Business news updates : Moody's Investors Service on Thursday slashed India's economic …

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier
2 years, 8 months ago

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier

News 18  

The Reserve Bank of India on Friday revised downwards its GDP growth projection for the current financial year to 7.2 per cent, compared with the 7.8 per cent forecast earlier. Presenting MPC’s first bi-monthly monetary policy statement for the financial year 2022-23, Das said, “The real GDP growth for 2022-23 is now projected at 7.2 per cent with Q1:2022-23 at …

GlobalData cuts India GDP growth forecast for 2022 amid Russia-Ukraine crisis
2 years, 9 months ago

GlobalData cuts India GDP growth forecast for 2022 amid Russia-Ukraine crisis

Live Mint  

GlobalData, a London-based data analytics and consulting company, on Friday said it has lowered India's economy growth forecast to 7.8% for 2022 due to the nation's exports being impacted by the Russia-Ukraine war and spiking oil prices causing ripple effects. "The ongoing Russia-Ukraine war will have a negative impact on India's exports and spike in oil prices will cause ripple …

Moody\'s ups India\'s growth forecast to 9.5% for 2022; flags high oil prices
2 years, 10 months ago

Moody\'s ups India\'s growth forecast to 9.5% for 2022; flags high oil prices

Deccan Chronicle  

New Delhi: Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per cent for the coming fiscal beginning April 1, even as it flagged high oil prices and supply distortions as a drag on growth. "We have raised our 2022 calendar year growth forecast for India to 9.5 …

Moody's ups India's growth forecast to 9.5% for 2022
2 years, 10 months ago

Moody's ups India's growth forecast to 9.5% for 2022

India TV News  

Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per cent for the coming fiscal beginning April 1, even as it flagged high oil prices and supply distortions as a drag on growth. "We have raised our 2022 calendar year growth forecasts for India to 9.5 per cent …

RBI retains economic growth forecast at 9.5 for FY22
3 years, 2 months ago

RBI retains economic growth forecast at 9.5 for FY22

India TV News  

The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices, and potential global financial market volatility as downside risks to economic growth. "Impact of elevated input costs on profit margins, potential global financial and commodity markets volatility and a resurgence in COVID-19 infections, however, …

Moody's rating agency raises outlook to 'stable' for 18 corporates and banks
3 years, 2 months ago

Moody's rating agency raises outlook to 'stable' for 18 corporates and banks

Firstpost  

This follows the upgrade by the US-based rating agency in India’s sovereign rating outlook to ‘‘stable’’ from ‘’negative’’ on Tuesday New Delhi: Moody’s Investors Service on Wednesday raised the rating outlook for 18 Indian corporates and banks, including Reliance Industries, Infosys, SBI and Axis Bank, to ‘‘stable’’ from ‘’negative’’. This follows the upgrade by the US-based rating agency in India’s …

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’
3 years, 2 months ago

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’

Hindustan Times  

India on Tuesday had its sovereign credit rating outlook revised to stable from negative by Moody’s Investors Service, on receding risks posed by the financial sector to the overall economy. “The decision to change the outlook to stable reflects Moody’s view that the downside risks from negative feedback between the real economy and financial system are receding. In November 2017, …

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable
3 years, 2 months ago

Economy Healing: Moody's Revises India's Rating Outlook From Negative to Stable

News 18  

Rating agency Moody’s on Tuesday revised India’s rating outlook to stable from the negative ranking earlier. Moody’s Investors Service had last year downgraded India’s sovereign rating to ‘Baa3’ — which is the lowest investment grade, just a notch above junk status — from ‘Baa2’, saying there will be challenges in the implementation of policies to mitigate risks of a sustained …

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
3 years, 3 months ago

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

Firstpost  

In its August update to ‘Global Macro Outlook 2021-22’, Moody’s retained India’s growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022 New Delhi: Moody’s Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies …

India's economic activity picking pace, further upside to growth likely: Moody's
3 years, 3 months ago

India's economic activity picking pace, further upside to growth likely: Moody's

India TV News  

Moody's Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies around the world gradually reopen. In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 per cent and …

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%
3 years, 6 months ago

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%

Firstpost  

The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity New Delhi: S&P Global Ratings on Thursday cut India’s growth forecast for the current fiscal to 9.5 percent, from 11 percent earlier, and warned of risk to the outlook from further …

Moody’s pegs India GDP growth at 9.3% in FY22
3 years, 6 months ago

Moody’s pegs India GDP growth at 9.3% in FY22

The Hindu  

Global rating agency Moody’s Investors Service has scaled down its 2021-22 Gross Domestic Product growth forecast for India to 9.3% from 13.7% projected earlier, adding that longer term risks to the economy will increase if the second COVID-19 wave lasts beyond June and the vaccination rollout remains a challenge. Stressing that private sector investments would largely determine whether India would …

India's Inflation at 'Uncomfortably High' Level, Says Moody's Analytics
3 years, 8 months ago

India's Inflation at 'Uncomfortably High' Level, Says Moody's Analytics

News 18  

India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on Tuesday. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics, a financial intelligence company. Core inflation was up 5.6 per cent in February, from 5.3 per cent in January, …

IndiaEs inflation uncomfortably high: Moody's Analytics
3 years, 8 months ago

IndiaEs inflation uncomfortably high: Moody's Analytics

India TV News  

IndiaEs inflation trend is uncomfortably high which will restrict the Reserve Bank's ability to offer further rate cuts, Moody's Analytics said. In a note, Moody's Analytics cited that retail inflation has held above the Reserve Bank's 4 percent target for the past eight months. Accordingly, IndiaEs core CPI excluding food, fuel, and the light was up 5.6 percent in February, …

Moody's Projects 13.7% Growth in FY'22, Expects 7% Contraction This Fiscal
3 years, 9 months ago

Moody's Projects 13.7% Growth in FY'22, Expects 7% Contraction This Fiscal

News 18  

Moody’s on Thursday upped India’s growth projection for the next financial year beginning April 1, to 13.7 per cent, from 10.8 per cent estimated earlier, on the back of normalisation of activity and growing confidence in the market with the rollout of COVID-19 vaccine. Moody’s Investors Service Associate Managing Director Gene Fang said “our current expectation is that in the …

Moody's projects 13.7 pc growth in FY'22, expects 7 pc contraction this fiscal
3 years, 9 months ago

Moody's projects 13.7 pc growth in FY'22, expects 7 pc contraction this fiscal

Hindustan Times  

Moody's on Thursday upped India's growth projection for the next financial year beginning April 1, to 13.7 per cent, from 10.8 per cent estimated earlier, on the back of normalisation of activity and growing confidence in the market with the rollout of Covid-19 vaccine. Moody's Investors Service Associate Managing Director Gene Fang said "our current expectation is that in the …

Moody's Ups India's FY21 Growth Forecast to -10.6%, Says Stimulus to Boost Jobs, Manufacturing Sector
4 years, 1 month ago

Moody's Ups India's FY21 Growth Forecast to -10.6%, Says Stimulus to Boost Jobs, Manufacturing Sector

News 18  

Moody's Investors Service on Thursday upped India's growth forecast to 10.6 per cent for the current fiscal, from its earlier estimate of 11.5 per cent saying the latest stimulus prioritises manufacturing and job creation, and shifts focus to longer-term growth. "We have revised our real, inflation-adjusted GDP forecast for fiscal 2020 to a 10.6 per cent contraction, from a 11.5 …

Moody’s revises India’s 2020 GDP forecast to -8.9% from -9.6%
4 years, 1 month ago

Moody’s revises India’s 2020 GDP forecast to -8.9% from -9.6%

The Hindu  

Rating agency Moody’s Investors Service has revised upward India’s Gross Domestic Product forecast for calendar year 2020 to -8.9% contraction from -9.6% projected earlier. Moody’s Vice President-Senior Credit Officer Madhavi Bokil said the scope for additional rate cuts was limited in most emerging market economies, and they did not expect emerging market central banks to carry on with quantitative easing …

Moody’s sees India’s GDP contracting 3.1% in 2020, but growing 6.9% in 2021
4 years, 2 months ago

Moody’s sees India’s GDP contracting 3.1% in 2020, but growing 6.9% in 2021

Live Mint  

New Delhi: Ratings agency Moody's on Monday said due to pandemic second quarter of the current fiscal will go down in history as the worst quarter for global economy since World War 2. Moody's sees India's GDP contracting 3.1% in 2020 and growing 6.9% in 2021. In its Global Macro Outlook report, Moody's said effects of lockdowns on global activity …

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