Moody’s revises India’s FY21 GDP contraction to 11.5%
NEW DELHI: Moody’s Investor Service on Friday enhanced the contraction rate of India’s FY21 GDP to (-)11.5 per cent from an earlier estimate of (-)4 per cent. The revision comes days after India reported a massive 23.9 per cent contraction in the first quarter GDP of the current fiscal. Consequently, Moody’s revised the forecast for […]