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