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, 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.

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