Moody s forecasts 7% GDP contraction for India in FY21; revises estimate to 13.7% growth in FY22
In its Global Macro Outlook 2021-22 report, Moody s says India s economy has rebounded quickly from one of the world s longest and most stringent lockdowns, which also came with steepest fall in GDP in Q2
BusinessToday.In | February 25, 2021 | Updated 16:23 IST
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
Global rating agency Moody s has said India s economy will shrink by 7 per cent in FY21 and revised India s growth estimate for the next financial year 2021-22 to 13.7 per cent from 10.08 per cent earlier. The agency in its earlier estimates had predicted India s GDP to shrink 10.6 per cent in the current financial year.