Moody’s forecasts Indian GDP to shrink 3.1% in 2020

Indian GDP

  • As per new update by Moody’s Investors Service, that shows the Indian GDP will shrink 3.1% in the fiscal year 2020. however, Moody’s also projected Indian economy to register 6.9% growth in fiscal year 2021.
  • Global Macro Outlook showed that China will be only G-20 Nation that will make a record growth of 1% in fiscal year 2020 and China GDP will grow at 7.1% in fiscal year 2021.

About Moody’s Investors Service –
CEO: Raymond W. McDaniel Jr.
Headquarters: New York, United States
Founder: John Moody

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