Moody's Current Affairs, GK & News

Fitch Ratings revises India’s growth estimate to 12.8%

American credit rating agency, Fitch, has published its ‘Global Economic Outlook (GEO)’. Fitch has revised GDP growth estimate of India to 12.8% for the fiscal year 2021-2022 from the previous 11%. Ratings were revised in the backdrop of loose fiscal stance, stronger carryover effect, and better virus containment. Key Points Ratings agency finds that level ..

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Moody’s report on Effect of Coronavirus

Moody’s Investors Service has published a report and stated that, though the businesses and economic activities across the globe have resumed after the pandemic-related lockdowns, but it would be hard for most of the countries to return to their pre-pandemic activity levels till the year 2022. Highlights The report highlights that, the global recovery will ..

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Moody’s GDP Forecast- Key Highlights

The Rating agency Moody’s have recently forecasted that the nominal Gross Domestic Product (GDP) of India will rise closer to 17% in the Financial Year 2021. Key Highlights The US-based rating agency further forecasts that, India’s fiscal deficit projections are higher than expected. According to it, slower consolidation will constrain the fiscal strength of India ..

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Moody’s revises India 2020 GDP forecast to 8.9% contraction

Credit rating agency, Moody’s Investors Service has revised the Gross Domestic Product (GDP) forecast of India to -8.9 percent upwards for calendar year 2020 from the -9.6 percent contraction forecasted earlier. The agency forecasted in September 2020 that India’s GDP will contract by 9.6%. Other Key Points GDP forecast for calendar year 2021 for India ..

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Moody’s revises estimate of India’s Growth

Global rating agency Moody’s has revised its forecast of India’s growth. It has estimated a double-digit contraction to be at 11.5% during the current fiscal year. Key Facts It has raised its expectations of economy’s performance in the upcoming fiscal to 10.6% from 8.7% earlier. Moody’s cited that the lock-down has impacted the economy severely. ..

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