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India likely to grow 13.7% next year; fiscal position weak: Moody's

Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption

Topics
Moody's | India GDP

Abhijit Lele & PTI  |  Mumbai 



Moody's, rating, credit
The prospects for fiscal consolidation also remain weak

The Indian economy is expected to grow 13.7 per cent in the financial year 2021-22 (FY22), registering a strong rebound from a 7 per cent contraction this fiscal year, said Moody’s on Thursday, adding the country’s fiscal position would remain weak in 2021, posing a key credit challenge.

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First Published: Thu, February 25 2021. 14:22 IST

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