Moody's calls stimulus measures positive, revises GDP forecast upwards

Lowers the contraction rate for India's gross domestic product to 10.6 per cent for 2020-21 from earlier 11.5 per cent

gdp growth, economy, markets

The revisions in GDP came a bit over ten days ahead of the release of GDP data for the second quarter

New Delhi
Moody’s Investors Service has lowered the contraction rate for India’s GDP to 10.6 per cent for 2020-21 from 11.5 per cent earlier. It also revised upwards its expectation for GDP

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First Published: Nov 19 2020 | 1:37 PM IST

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