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Moody’s Investor Service on Tuesday has lowered its growth forecast for India in the current fiscal to 9.3 per cent from 13.7 per cent because of the second wave of the coronavirus running amock in the country. Moody’s reiterated its lowest investment grade “Baa3” rating for the country with a negative outlook.  “As of now, we expect the negative impact on economic output to be limited to the April-June quarter, followed by a strong rebound in the second half of the year. As a result, we have revised our real, inflation-adjusted GDP growth forecast down to 9.3 per cent from 13.7 per cent for fiscal 2021 and to 7.9 per cent from 6.2 per cent in fiscal 2022. Over the longer term, we expect growth of around 6 per cent thereafter,” Moody’s said.

Moody investor service onInvestor serviceமனநிலை முதலீட்டாளர் சேவை ஆன்முதலீட்டாளர் சேவை