Categories: Economy

Moody’s cuts India’s GDP growth to “zero” in FY21

Moody’s cuts down India’s Gross Domestic Product(GDP) growth to “zero” for the current fiscal 2020-21. Its previous estimate was 2.6%. In 2021-22 India’s GDP growth rate will bounce back to 6.6%. The negative outlook reflects an increase in risk that economic growth remains significantly lower than in the past & is triggered by COVID-19. The weakening of fiscal metrics could lead to a downgrade, which will affect investment flow in India.

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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

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.