<span style="color: #222222;">Global rating agency Moody's today upped India's growth projection for the financial year 2021-22 to 13.7 per cent from 10.8 per cent estimated earlier Moody's today upped India's growth projection for the financial year 2021-22 to 13.7 per cent from 10.8 per cent estimated earlier.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">In its 'Global Macro Outlook 2021-22, Moody's said, India's Economy has rebounded quickly from one of the world's longest and most stringent lockdowns, which also came with the steepest fall in GDP in the second quarter of 2020.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">For the current fiscal year, the agency expects the Indian economy to contract by 7 per cent, lower than its previous estimate of 10.6 per cent contraction. The revised numbers came on the back of normalisation of activity and growing confidence in the market with the rollout of COVID-19 vaccines.</span><br />'' &nbsp;<br />
News On AIR | February 25, 2021 8:51 PM
Global rating agency Moody's ups India's growth projection for FY22 to 13.7 per cent from 10.8 per cent estimated earlier