Moody’s projects India GDP at -10.6% for FY21

Moody’s Investors Service has revised India’s GDP growth forecast to -10.6 per cent for the current fiscal 2020-21 (FY21), in its November 2020 update, from its earlier estimate of -11.5 per cent in September 2020. For next fiscal 2021-22, Moody’s projected India to grow at 10.8 per cent, as against the previous estimate of 10.6 per cent.

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