India’s economy projected to grow at 12% in CY 2021: Moody’s

Sumit Arora Last updated on March 20th, 2021 09:35 am Leave a comment

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.

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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.

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Headquarters of Moody’s: NewYork, United States.
President & CEO of Moody’s: Raymond W. McDaniel, Jr.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.