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

The US-based score company Moody’s has revised its progress projection for India, and now expects the economic system to contract 7 per cent in fiscal 2020-21 (FY21). This is decrease than its earlier estimate of 10.6 per cent contraction. For the subsequent monetary yr, FY22, starting April 1, Moody’s has projected the economic system to develop to 13.7 per cent, as in comparison with 10.8 per cent estimated earlier.

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Important takeaways for all aggressive exams:

  • Headquarters of Moody’s: NewYork, United States.
  • President & CEO of Moody’s: Raymond W. McDaniel, Jr.

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