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Indian economy to be in ‘deep freeze’: Moody’s

Indian economy to be in ‘deep freeze’: Moody’s
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Moody’s Investors Service said India’s economy will not grow in the current financial year because of the “deep shock” triggered by the coronavirus outbreak and cautioned against downside risks to growth from a further extension of the lockdown.

Moody’s expects a bounce-back to 6.6% growth in FY22, assuming a gradual pick-up in economic activity and demand in the second half.

Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/moodys-investors-service-sees-indias-economic-growth-at-zero-in-fy21/articleshow/75619459.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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