Moody’s projects India GDP at -10.6% for FY21

Moody’s Investors Service has revised India’s GDP growth forecast to (-) 10.6 percent for the current fiscal 2020-21 (FY21), in its November 2020 update, from its earlier estimate of (-) 11.5 percent in September 2020.
For next fiscal 2021-22, Moody’s projected India to grow at 10.8 percent, as against the previous estimate of 10.6 percent.