HomeNewsEconomyMoody predicts India’s GDP to contract 7% in FY21

Moody predicts India’s GDP to contract 7% in FY21

Moody predicts India’s GDP to contract 7% in FY21

As per the Global rating agency Moody, The GDP of India will shrink by 7 per cent in FY21. however, Moody mentioned that India’s growth will increase to 13.7 per cent for the next financial year 2021-22.

  • prior to this, Moody estimated 10.08 per cent growth for FY22.

About Global rating agency Moody

CEO: Raymond W. McDaniel Jr
Founder: John Moody
Founded: 1909

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