Gene Fang of Moody's explains the rationale behind lowering of India GDP forecast

Gene Fang of Moody's explains the rationale behind lowering of India GDP forecast
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Last Updated: May 12, 2021, 11:04 AM IST
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Synopsis
"This being the second such shock in a year, it could be an added burden for consumers and small businesses. We therefore expect that the recovery, when it begins, will be somewhat muted compared to what we had previously expected," he says.
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Gene Fang, Associate Managing Director, Sovereign Risk Group, Moody's Investors Services (Photo: Moody's).
Gene Fang, Moody's Investors Services, says he would like to see some key economic metrics beginning to stabilise before effecting a reset in India's growth forecast. Edited excerpts:

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