Categories: Economy

Moody’s forecasts India’s GDP at -11.5% for FY21

The rating agency, Moody’s has projected the GDP growth rate for India to contract 11.5 per cent in fiscal 2020-21 (FY21) due to the coronavirus pandemic. For 2021-22 (FY22), Moody’s projected the economy of India to grow at 10.6 per cent.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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