Moody’s slashes India’s GDP growth rate to 9.6%

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Moody’s slashes India’s GDP growth rate to 9.6%

Moody’s Investors Service has downgraded the GDP of India to 9.6% for the FY2021 Due to 2nd wave of COVID-19 infections hit India’s economy in April and May. prior to this, Moody made a projection of 13.9 percent. Along with it, Moody’s Investors Service has also projected 7 percent GDP for the calendar year 2022

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