Question: What is the GDP growth rate estimated by Moody’s Investors Service for India for the financial year 2021-22?
(a) 9.6 per cent
(b) 10.5 per cent
(c) 10.2 per cent
(d) 11.5 per cent
Answer: (a)
Related facts:
- Moody’s Investors Service has slashed India’s growth projection to 9.6 per cent for the 2021fiscal.
- Earlier growth rate estimated by Moody’s was 13.9 per cent.
- GDP growth is projected at 7 per cent for FY 2022-23.
- In its report titled ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe as last year’s, Moody’s said high-frequency economic indicators show that the second wave of COVID-19 infections hit India’s economy in April and May.