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%