Moody Predicts India GDP to be Negative 7% in FY21

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 Moody Predicts India GDP to be Negative 7% in FY21

Moody Predicts India GDP to be Negative 7% in FY21

The US rating agency Moody’s has recently revised its forecast of economic growth for India to 7% negative in FY 2020-21 (FY21).

In addition, Moody’s forecast growth of the economy at 13.7 per cent for the next fiscal year (FY22) beginning April 1, compared to 10.8 per cent previously.

HIGHLIGHT KEYWORD

  • Moody’s headquarters: New York (United States)
  • Moody’s President and CEO: Raymond W. McDaniel

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