Economy

Moody estimates Indian GDP at -8.9% for FY2020

Moody estimates Indian GDP at -8.9% for FY2020

Moody has estimated that The GDP of India country will be -8.9% for the FY 2020, before it, Moody projected to be -9.6%.

  • However, the Rating Agency Moody also estimated that the GDP of India will recover and reach to 8.6% for the year 2021.

Important Points for Exams-

Moody predicts GDP for India

  • CY2020: -8.9%
  • CY2021: 8.6%

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