Moody’s Analytics has projected the Indian economy to grow by 12 per cent in the Calendar Year 2021. For the Calendar year 2020, the real GDP was projected to contract 7.1 per cent by Moody’s. It must be noted that Moody’s Analytics makes calendar year projections, while its sister organization Moody’s Investors Service provides fiscal year estimates.
This forecast is equivalent to real GDP, in level terms, growing by 4.4 per cent above pre-COVID-19 levels (as of March 2020) by the end of 2021, or equivalently, by 5.7 per cent above the GDP level in December 2020 by the end of 2021.
Important takeaways for all competitive exams:
- Headquarters of Moody’s: NewYork, United States.
- President & CEO of Moody’s: Raymond W. McDaniel, Jr.